Intimidation

Intimidation

  James Carville has a famous quote about the bond market. It goes, “I used to think that if there was reincarnation, I wanted to come back as the President, or the Pope, or as a .400 baseball hitter. But now, I would want to come back as the bond market. You can...
As Good as Old

As Good as Old

  This week’s chart reveals a remarkable little fact about the current state of the U.S. housing market: new homes are just as affordable as old ones. Typically, as you can see on the chart, new homes are much more expensive than existing ones already on the...
Winning Streak

Winning Streak

  The Dow Jones Industrial Average, also known as “the Dow,” has been on a tear lately. As the consecutive green candlestick bars on the chart above shows, the Dow rose for 13 days in a row this month, finally ending the winning streak on Wednesday. That tied...
Searching for Recession

Searching for Recession

  Are we in a recession? Is a recession coming? These are the types of things people search for on the internet during times of economic uncertainty. In fact, as our featured chart above shows, when people have historically been nervous about the economy, they...
Disinflation

Disinflation

  The big economic news this week was the release of the Consumer Price Index (CPI) on Wednesday—and it was a good one. On a year-over-year basis, the headline CPI eased to 3.0% last month, the slowest pace since March 2021. This was a pivotal development for the...