We are likely to emerge from this year with a slow-growing, low-inflation economy in 2024.
Failure to increase the debt ceiling is the most immediate fiscal threat to the economy and markets.
Many of the problems that haunted the economy and markets in 2022 could be at least partially resolved in 2023.
In recent months, the collapse in housing has been dramatic.
Events over the next several weeks should lift some this fog and provide a clearer picture of the outlook.
The real question is not whether inflation is falling, but rather the slope of the slide.
For investors, recent comments by Fed Chairman Jerome Powell suggest the potential for volatility in the short run.
In 2022, there is a unifying theme--higher inflation across almost all major economies.
It has been a very tough year for investors and the short-term outlook is both challenging and confusing.
This morning's second quarter GDP report was a significant disappointment.
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