supply side

GDP: Deja Vu

By |2019-04-26T12:35:15-04:00April 26th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Real GDP growth in the United States during the first quarter of 2019 was much better than expected. The Bureau of Economic Analysis (BEA) estimates that total economic output expanded by 3.12272% in Q1 over Q4 2018. Most analysts were expecting somewhere around 2.3% to 2.5%. Considering mounting uncertainties and growing fears, in the face [...]

No Building Left To Build A Boom

By |2019-03-04T18:26:44-05:00March 4th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

For the last several years, the US recovery following its experience with the global 2015-16 downturn has been lacking in several key dimensions. Reflation #3 in the real economy has reflected the lack of momentum and altitude in the snapback across the eurodollar system. As such, of all the reflation episodes this last one was [...]