This Time Is Different

This Time Is Different

  This week the Federal Reserve announced their intent to dial back bond purchases and perhaps raise rates up to three times next year.  What’s weird, though, is that this is happening at a time when the yield curve is as flat as it is. The chart above shows the...
Going to Work

Going to Work

  The labor market continues to improve in America. Our chart above shows that initial weekly jobless claims, a proxy for layoffs, fell to just 199,000 recently. That’s the lowest it’s been since the pandemic started, and even more surprisingly, it’s the lowest...
Leaving Port

Leaving Port

  The Baltic Dry Index.  It’s funny; despite having the word “dry” in its name, the Baltic Dry Index involves a lot of water.  This is because it measures changes in the cost to ship various raw materials such as coal, iron ore, and grains across the...
Getting a Raise

Getting a Raise

  Above target inflation and widespread supply and labor shortages are things the U.S. economy hasn’t experienced in quite some time. The good news for workers, however, is that companies have raised wages at an exceptional rate in recent months, hoping to...