Satiating Consumer Spending, Housing and Rent Inflation, and the “Magnificent 8”
Consumer spending, the pandemic and inflation. What will consumers do? The US dollar rally may help curb imported inflation of goods, but our own housing and rent inflation will overwhelm this beneficial ...
Surging Inflation, Early Signs of Stabilization in China, and Growing Evidence of a Market Top
Perhaps we’ve rediscovered why there is a worker shortage. Inflation, stagflation, and more inflation. This does not look “transitory” and the rates of inflation may shock you. What can cash inflows...
VIDEO: Investment Committee “Minutes in a Minute” – September 2021
Amid expiring unemployment benefits, higher than expected retail activity, and lower than expected inflation, the main topic of conversation during our latest Investment Committee meeting was the economy...
Good Help Grows Ever Harder to Find, Consumer Confidence Deteriorates, and a Stagflation Check In
Good help is growing hard to find—and afford—in the U.S. The Employment Cost Index (ECI) posted its largest gain on record last quarter, driven primarily by wage increases on the lower end of the pay...
Prices Continue to Climb, Yield Curves Flatten, and the Energy Crisis Deepens
After a dip into contraction in September, manufacturing in Richmond has realigned with the national average to settle in “slow-growth” mode. Prices also followed a similar pattern to the national...
Price Pressures at Extremes, a Lynchpin Earnings Week, and the $2.77 Trillion U.S. Deficit
The Markit Manufacturing PMI came in slightly below expectations in October at 59.2, easing a bit from September’s high but still demonstrating robust growth. Price pressures, both input and output...