Treasury Secretary Jane Yellen notified Congress today that the US Government is projected to reach its debt limit as early as June 1 if there is not a change in the current limit. In her letter to Congress, she wrote READ MORE
Doubleline Round Table: Market Outlook
On January 10, DoubleLine Capital had a panel of some highly regarded investment strategists discuss their 2022 market outlooks. 56 minutes. https://www.youtube.com/watch?v=sgvIEPd7M8E
On the panel were:
- Jeffrey Sherman, Deputy Chief Investment Officer of DoubleLine Capital;
- James Bianco, President and Macro Strategist at Bianco Research;
- Danielle DiMartino Booth, CEO and Chief Strategist of Quill Intelligence;
- Jeffrey Gundlach, Founder and CEO of DoubleLine Capital;
- Ed Hyman, Chairman and Head of Research of Evercore ISI;
- David Rosenberg, President, Chief Economist and Strategist of Rosenberg Research & Associates.
During the discussion, there are some references to S&P 500 earnings, Price/Earnings ratios, and 10 year US Treasury rates. This website has graphs of the historical data. See the tabs at the top. https://www.multpl.com/
If you have any questions or comments, please contact me.
Robert G. Kahl
CFA, CPA, MBA
Economic Crosscurrents
There are crosscurrents of economic data that make it more difficult to assess the health of the economy. READ MORE
Deficit Spending and the Transitory Narrative
The Congressional Budget Office has reported that the federal budget deficit for fiscal year ending September 30, 2020 was $3.1 trillion, or 14.9% of gross domestic product. READ MORE
Congress and the Federal Reserve vs. Rational Investors – 3/5/2021
It has become too easy for Congress to borrow trillions of dollars per year. Why should Congress reduce spending or raise taxes when the Federal Reserve will accommodate a higher level of borrowing? READ MORE