Joe CarsonOct 8, 2020Inflation Measures Are Meaningless Without House Prices: But Their Use Produces Huge DistortionsThe spotlight on inflation has never been higher as the Federal Reserve made it the primary focus of monetary policy. That means price...
Joe CarsonOct 5, 2020Equity Investors Are Betting On Fiscal Stimulus: Few Remember the Clinton U-turn of 1992Equity investors think they are in a win-win position, regardless of the outcome of the 2020 election. Most believe that Congress and...
Joe CarsonOct 1, 2020Employment Data: What Accounts for the Big Gap Between ADP and the Official Jobs Data? September’s ADP employment report showed a gain of 749,000, following gains of 481,000 in August and 216,000 in July. While the focus of...
Joe CarsonSep 25, 2020Household Portfolio's Show the Uneven and Unfair Effects of the Modern Monetary Policy Regime For more than two decades, policymakers have followed the rationale that maintaining a low and steady inflation rate produces the best...
Joe CarsonSep 17, 2020Retail Spending & Tax Data: Two Reasons Why The Administration Decided To Go Big On Another StimulusIn a sudden reversal, the Trump Administration has given its blessing for a bigger stimulus plan. It was only a week or so ago when the...