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Federal Reserve

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Article Image by Eric

In history, there are events that are better described as turning points.

Article Image by Global Macro Monitor

The following chart suggests the stock market still has an outsized influence on the economy. In theory, the market capitalization to GDP ratio should be a mean reverting time series.

Article Image by Bret Swanson

In a November 30, 2022, speech on "Inflation and the Labor Market," Federal Reserve chairman Jerome Powell blamed most of the 3.5 million estimated shortfall in the US labor force on premature retirements. He also blamed a large portion – betw