Jobs Report and Health Update
I comment following Friday’s dismal jobs report, and we turn to a healthcare-related update.
Kotok Quick Take — Tariffs as Equivalent to a $2/Gallon Gas Tax Increase? Adjust Up!
Yesterday’s tariff announcements will shift the size of the tariff shock yet again.
Market Discussion Series Part 7: Tariffs vs Gasoline Price Shocks — Similar?
Readers asked for a way to understand the magnitude of the tariff shock. Here’s one way to think about it.
Antisemitism, Grok, and Joseph Goebbels
Grok explains its “Mechahitler”; we compare Joseph Goebbels’ propaganda use of radio and the history of antisemitism.
Markets Discussion Series Part 6: Where Is the Dollar Going and Why?
The Real Effective Exchange Rate (REER) is beginning to reflect US policy now aimed at weakening the dollar.
Bob Eisenbeis: Will He or Won’t He Try to Fire Chairman Powell?
Fed analyst Bob Eisenbeis weighs the Trump administration’s attacks against an independent Fed and the chances that Trump will try to oust Powell.
Wars vs Pandemics: Economics, Finance, Investment
Today we compare the pandemic finance paradigm to the war finance paradigm and consider how we are moving from one to another.
Markets Discussion Series Part 5 – Debt vs Growth
How much growth do you get for each unit of additional debt? Let’s ask Barry Bannister.
Markets Discussion Series Part 4 – Role of the US Dollar
Amid spirited discussion regarding the weakness of the US dollar, one chart clarifies the size of the USD’s role in the global economy.
Guest Post: Michael Drury on Markets and Economics
Trump is negotiating his tariff objectives with the markets, Drury concludes, offering an excellent assessment of the current economic outlook.