Financial Administration in the Trump Era

The Federal Reserve will conclude its last FOMC meeting of the year in two weeks (December 14, 2016). This particular meeting will include the Committee’s release of its Summary of Economic Projections and a press conference with Federal Reserve Board Chair Janet...

The Glacial Housing Shift

The last economic recession was marked by an upheaval in the employment landscape, and the seven years of “recovery” have yet to undo all of the damage that was done.  Millions of people still need a job, and millions of others are now earning far less than they...

Profits Over Prosperity

Economic data is sometimes confusing and often contradictory.  Consider these two bits of information.  Earnings at S&P 500 companies, and represented by ETFs like Vanguard S&P 500 ETF (VOO), have jumped 23% since the fourth quarter of 2007.  Over the same...

Unemployment Drops, Markets Yawn

Today’s November employment report from the Labor Department revealed that “only” 11,000 jobs disappeared last month.  This was far better than expected.  Economists had projected a loss of 125,000 jobs, according to a Bloomberg survey. At the same...