After Fed Statement, a Not-So-Scary Halloween

October 30, 2014

The big news in my house right now is Halloween, with a major costume decision between Toothless (a dragon) and Hiccup (his friend) hanging in the balance. Neither choice is particularly scary (it’s a small dragon), and that’s okay—it won’t be a very scary Halloween for the economy either.  

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Appearance on "Opening Bell with Maria Bartiromo," October 15, 2014

October 29, 2014

In case you missed it, I was in studio for Fox Business's "Opening Bell with Maria Bartiromo" on October 15. The conversation centered on the recent market selloff, as well as the ongoing economic recovery. 

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Back to the Future for the Fed? Not Quite

October 29, 2014

I’m going to take a chance—probably only a small one—and predict that the Federal Reserve will announce the end of its bond-buying program today.

If I’m wrong, I won’t be the only one. Expectations for the Fed to step back are almost universal at this point.

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Will Government Spending Pick Up Again?

October 28, 2014

Over the past couple of years, we’ve seen government spending drop considerably as a percentage of the economy as a whole. But is it set for a comeback?

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European Banks Healthier than Expected: Why We Should Care

October 27, 2014

Today's big financial and economic news is that the European banking system is in better condition than many had thought.

An extensive review by the European Central Bank and the European Banking Authority was completed on Sunday. It concluded that, of the 130 large banks reviewed, only 25 were below the standards at the end of 2013; of those, 12 have since raised enough capital to get out of the danger zone.

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Will Globalization Continue?

October 24, 2014

One way to get ahead of trends, in my opinion, is to take basic assumptions that everyone just knows are true and think about what the world would be like if, in fact, those assumptions turned out to be wrong. 

Since returning from the Goldman Sachs conference yesterday, I’ve been thinking about what was said there—as well as what wasn't so much said as assumed.

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As Economy Strengthens, No Cause for Doom and Gloom

October 23, 2014

Looking at the data over the past few days, it’s apparent that the economy continues to improve. Consumer comfort is rising, initial jobless claims are up a bit but remain at extremely low levels, job openings are at multiyear highs . . . the list goes on and on.

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Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets. All indices are unmanaged and investors cannot invest directly into an index.

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