Michael's Blog

Central banks’ inflation targets are in sight, but not all price trends have normalized. Structural price pressures suggest policymakers should remain vigilant. Inflation isn’t the headache it was two years ago, but investors should keep it in mind in...

There have been no recent changes to our recession scorecard. It is noteworthy, however, that two of the seven indicators have failed to move in the anticipated direction over the past month. Let’s examine further: U.S. Unemployment Rate The unemployment...

Myths may be important to folk tales, but they’re not helpful in finance. Today we’ll look at the facts behind some of the common myths surrounding the U.S. national debt. The U.S. government has an incomprehensible amount of debt. The number is so large—$35...