Monthly Archives: July 2020

I am hoping for push-back here, so please poke holes!  Question my assumptions!  Help me think this through! Looking at the past 20 years, it is clear we have an increasingly fat jockey (wealth) riding a faltering horse (the real … Continue reading →

Good fortune is good in-laws 🙂  I’ve had a little more time to read in the last few months (courtesy of the aforementioned in-laws).  I figured I’d share.  Forgive any typos below – this small laptop keyboard and my machine … Continue reading →

Placebos are powerful.  Until they aren’t.  Faith in the Fed’s trillions has sustained markets so far.  But the hard-dollar prop holding up the economy is the merely-billion-dollar flow of fiscal stimulus – especially expanded unemployment benefits.  With Congress likely to … Continue reading →

Mitch McConnell is leaving negotiations over a new stimulus package until mid-July.  With the critical $600 unemployment benefit expiring July 31.  Those unemployment benefits are our most important economic prop.  Leaving the discussion to a last minute scramble up to … Continue reading →