In yesterday’s commentary, which was prepared earlier in the week, I proposed looking at the estimated tariff shock as equivalent to a new $2/gallon gas tax.
As new tariff announcements have been made through this week, however, that estimate now appears to be too low.
I am traveling to Leen’s Lodge for Camp Kotok next week. I paused yesterday in Bucksport, Maine, looking across the water at Fort Knox (a Civil War-era fort), to comment on the evolving tariff shock in a Kotok Quick Take.
We examine some statistical evidence that may be helpful in estimating the future price of gold using a present set of variables.
These are the moves: More short-term T-bills. Shorten US Treasury debt maturity. Try to force interest rates lower.
Trump has nominated Kevin Warsh for Federal Reserve chair — fine, but the administration’s attacks on the Fed need to stop. Here’s my quick take.
We thank Michael Drury, Chief Economist at McVean Trading, for permission to share some of his views on the K-shaped economy and the outlook. Discussion follows.
David would love to hear from you. Please Feel free to reach out and send an email.