Economic imbalances often require some type of adjustment to reflect economic realities and achieve a sustainable level of economic activity. There are currently three major imbalances in the US economy that can lead to a lower level of economic activity, higher interest rates, and/or a currency devaluation. READ MORE
Prepare for All Eventualities
In “The Gentleman” series on Netflix, a young British army officer named Eddie Horniman finds out that his father has died in England. When he returns home for the funeral, READ MORE
Reading the Fed’s Tea Leaves
Financial markets price securities based upon future expectations. Based on the shape of the yield curve, financial markets reflect anticipation of the Federal Reserve (Fed) cutting rates aggressively in response to a recession. Given the recent market rally and high equity valuation levels… READ MORE