Economy and Investing

President Joseph R. Biden Jr. was sworn in as the 46th President of the United States on Wednesday, January 20, 2021. But his planning and work as POTUS began long before that. Before his Inauguration, Biden proposed the American Rescue Plan, a $1.9 trillion relief...
Topics: Economy and Investing

Greetings and Welcome to 2021! Other than for certain tax purposes, December 31 is usually an artificial dividing line in our lives, though one that always looms large in the imagination. The reality is that Covid-19 was ravaging the nation pretty much the same on...
Topics: Economy and Investing

While the humorous aphorism of this post’s title evokes our long-standing aversion to short-term prediction, we nonetheless hold strong, evidence-based beliefs about the future. Among those beliefs are a conviction that fundamental valuation ultimately matters in the stock market. Which is to say, how much...
Topics: Economy and Investing

In this webinar, we touch on the current state of the US and global economy, stock market performance and what it may be signaling, prospects for new rounds of fiscal and monetary support, and our thoughts on the probable path of recovery. SLIDES: Coronavirus Economics...
Topics: Economy and Investing, Webinars

The latest unemployment numbers in the U.S. have been universally touted as the “worst since the Great Depression,” a comparison that, while accurate, can be tremendously misleading. Speaking to the Wall Street Journal, former Federal Reserve Chair Ben Bernanke said, “I don’t find comparing the...
Topics: Economy and Investing