Thought Leadership Archive
After a confusing 2022, everyone hoped things would get back to some sense of normalcy in 2023. Here we are at the end of 1st quarter, and folks are still hoping and waiting. The data continues…
We started the 1st quarter of 2023 still worried about inflation and the Federal Reserve. By the end of it, investors were concerned about the health of the financial system. After all, higher interest rates lead…
As Maximus so notably proclaimed in the cult classic flick Gladiator, “Are you not entertained? Is this not why you are here?” Between old-fashioned bank runs and poor balance sheet management, bonds have certainly given us…
BANKS By the end of the quarter, investors were worrying about the health of the banking system. After all, higher interest rates mean lower bond prices, and banks own a lot of bonds BALANCE SHEETS There…
The first quarter of this year may not be best described as normalcy, but at least it seems to be trending in the right direction — inflation not running near double digits, bonds not performing miserably…
This week, the Environmental Protection Agency (EPA) announced new guidelines for tailpipe emissions. For all intents and purposes, the changes will effectively kill gas and diesel engines in the United States. Not surprisingly, this was the…
This past Tuesday, I made an early morning economic presentation to a group in Knoxville, Tennessee. I followed the mayor of Knoxville, Glenn Jacobs, who used to be the WWE professional wrestler Kane. Jacobs, a massive…
6 Steps Toward Successful Business Exit Planning: 1. Know Your Team 2. Value Your Business 3. Know Your Gaps 4. Build a Financial Plan 5. Create a Disciplined Risk Management Process 6. Know Your Options…
This past week, I made a presentation on the economy at a conference in New Orleans. Say what you will about the place, but people love to go to NOLA and have a good time. There…
My mother is the most pragmatic person I have ever met, or will likely ever meet. She doesn’t suffer fools and is not given to flights of fancy. Perhaps for this reason, she basically just went…