Trump’s Win Produces Winners and Losers, Jobs and Joblessness

Kamala Harris told voters Trump’s policies would raise the prices they pay for all sorts of goods. Their eyes spotted stickers in supermarkets that told them that prices were much higher now than they were when Trump occupied the White House. Harris told voters that Trump would replace our Republic with a fascist state. Shoppers’ […]

The FED Sets Sail on a Sea of Contradictions

The Board of Governors of the Federal Reserve System employs 400 Ph.D. economists to advise it on the state of the economy for purposes of devising monetary policy. That intellectually formidable groups is supplemented by the dozens upon dozens of research analysts employed by each of the 12 regional Federal Reserve Banks, led by presidents […]

The Economy Moves On, All Will Be Fine Until It Isn’t

There will be no soft landing for the economy. Neither will there be a hard landing. Fasten your seat belts and have the flight attendant bring a few more peanuts. This metaphorical airplane will continue cruising along at an acceptable speed, manned by the same number of crew as before, bothered only by inaccurate, continually […]

The Old Order Yields Place to the New, Bad News for America

A New Economic Order is being constructed here in America, as dangerous to America’s future as the New World Order being constructed by China, Russia, Iran and North Korea. Permit me to paint with the broad brush of a house painter rather than with the more precise instrument preferred by the pointillistes. Out Goes Wealth […]

The FED Heads Rates Down, For Now, With a U-Turn Possible

If it were done when ‘tis done, ‘twere well it were done slowly, announced Federal Reserve Board chairman Jerome Powell last week. The Fed plans to cut its benchmark interest rate by 0.25 per cent in November and again in December, rather than repeat its September larger redcution of 0.50 per cent. Faster please, sir, […]

Harris or Trump to Paint the Ledger Redder

Harris Scrambles     On January 20, 2025, the new President’s famous Day One, the activity at 1600 Pennsylvania Avenue will be intense. President Kamala Harris, a gourmet, will be reorganizing the White House kitchen after using the Presidential pen to send “thank you” notes to celebrity chefs who organized “Cooking for Kamala” fund raisers, and begin […]

A Growing Economy, Inflation Above Target, So FED Cuts Rates. Dimon Worries

“The US economy is in good shape.” That simple declarative sentence by Jerome Powell, chairman of the Federal Reserve Board, had different meanings for Kamala Harris and Donald Trump. For Harris it provided an opportunity for President Biden to claim the administration’s economic policies have provided consumers and businesses with “ confidence … immense opportunities.” […]

Three Winners And Donald Trump

America had three winners and one loser last week. Federal Reserve chairman Jerome Powell and his  policymakers won when inflation fell, clearing the way for a rate cut. America’s banks won a long battle to force a  regulator to dial back on new controls he wanted to impose. And Kamala Harris won when she baited […]