Category: Business Columnists

Progress Against Inflation?

Commentary The Federal Reserve (Fed) has made remarkable progress in its counter-inflation efforts. Flows of new money into the economy—the ultimate inflationary fuel—have slowed and, by some measures, reversed. Meanwhile, consumer price pressures seem to have moderated. Signs are indeed encouraging. It would, however, be a mistake to look for a quick end to inflationary…


Is 2023 Finally Gold’s Year?

Commentary After a tumultuous several months, gold prices have enjoyed a decent run up in Q4 2022.  Recent price movement was helped by the dollar’s retreat, hopes that the Federal Reserve will slow down its aggressive monetary tightening, and renewed demand for the metal from emerging markets. Is this the beginning of a multi-year bull…


Biden Admin’s 2023 Budget Makes No Economic Sense

Commentary As the end of the year approaches, Joe Biden’s budget for 2023 has to be approved. After reading the president’s proposal, the Congressional Budget Office reported “that level of spending, debt, and taxes will be the highest sustained levels in U.S. history,” worsening an economy that is already trending downward. This year, inflation hit a…


How the End of Negative Interest Rates Affects Your Life

Commentary Most people under the age of 40 have no financial experience in a world of positive interest rates for most dates of maturity. Maybe that sounds geeky and like it doesn’t matter much. It’s actually a huge thing. The financial situation that emerged after 2008—the Fed chairman from back then got a Nobel Prize…


US and Europe Are Indeed Similar Under Cycles of Inflation and Unemployment

Commentary The relationship between unemployment and core Consumer Price Index inflation is often plotted to produce the Phillips Curve. The results will differ between economies. To many observers, the main difference between U.S. and European economies is the relatively weak real activity and persistently high inflation of the latter. This suggests the United States is…


What to Do If Your House Won’t Sell

Commentary Due to the Federal Reserve increasing interest rates at a record pace, the housing market has come to a standstill. While we aren’t seeing dramatic discounts yet, significant price decreases are on the horizon as sellers will be forced to lower their prices to sell their homes. This is great news if you’re a…


The Lag Effect of the Fiscal Pig and Economic Python

Commentary The lag effect of monetary policy changes will surprise the Federal Reserve as the fiscal “pig” of stimulus begins to exit the economic “python.” For those unfamiliar with the term “pig in a python,” it refers to when a python consumes its prey. It does so by swallowing it whole—in this case, a pig….


US Tech Restrictions Curb China’s Military Ambitions

Commentary With the threat of U.S.-China military conflict looming, it is critical for the United States to cut off the People’s Liberation Army (PLA) from the technology the Chinese regime needs to conduct next-generation warfare. “The government’s prioritization of issues like climate change and woke gender ideologies over core national security interests gives Beijing reason…


How Investors Should Approach a Volatile 2023

Commentary The market’s fixation on inflation and the Fed’s interest rate moves appears, at least for now, over. We’re moving onto real concerns such as an economic recession, and for investors, a corporate earnings and growth decline as a result of said recession.  This column isn’t going to predict where the S&P 500 will end…


The US Will Spend Another $1.7 Trillion, With Little Democratic Accountability

Commentary Our politicians are spending more than they have, again (and again and again). It’s a mounting danger to the U.S. economy, upon which U.S. national security relies. The fiscal blame for the latest $1.7 trillion “omnibus” spending bill, which passed the Senate on Dec. 22 before the Dec. 23 deadline, mostly points toward Democrats….