Consumer Sentiment Remains Very Depressed (University of Michigan Sentiment Index Rises Slightly To A Depressed 51.5 While Buying Conditions For Housing Rose Slightly To A Depressed 47.0)

by confoundedinterest17 “A recession is two quarters in a row of negative growth.” — President Clinton, Dec. 19, 2000 My former colleague at Deutsche Bank, Joe Carson, said recently that the US economy is not in a recession, but corporate profits are …

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El-Erian: Will the Fed pivot or not?

Bloomberg, Released on 7/29/22 Mohamed El-Erian, a Bloomberg Opinion contributor, says the “zip code” for the Federal Reserve to achieve its so-called neutral rate will be higher than this week’s 75-basis-point interest-rate increase achieved. “My own instinct is that the …

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On The Modern Obsession With “Optics”

by Chris Black You know who had great optics? Ronald Reagan. And Reagan could not be elected in today’s increasingly post-television media environment. Reagan was popular because he was great and likable on TV, but his actual policies polled poorly …

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