Common Cents Blog
Despite all that has gone on in the markets and economic data this week, I would be remiss if I didn’t address what is really on everyone’s mind: What does Joe Biden’s dropping out of the…
This past week, I had a number of people ask me how much longer the stock market can continue to climb. From the outside looking in, this year’s rally must seem pretty curious. I have news…
This week, the Bureau of Labor Statistics (BLS) announced the Consumer Price Index (CPI) for June 2024 fell 0.1%. This negative number was better than the analysts we were expecting, and pretty much guaranteed the Federal…
Yesterday, as Americans were celebrating Independence Day and broiling in the heat, the United Kingdom (UK) held elections. That the unpopular, ruling Conservative and Unionist Party (Tories) would take a beating was a given. The only…
At around 11:45 CDT this past Monday (6/24), I was a mixture of resigned, frustrated and annoyed. I had just walked out of an open-air restaurant in Acadia National Park in Maine. This, after waiting for…
This past Wednesday, a friend of mine sent me an article from CNBC about the Federal Reserve. Knowing his personal take on our central bank, I knew it was not going to be a favorable one.…
This week, the Bureau of Labor Statistics (BLS) announced there wasn’t any inflation during May. The Consumer Price Index (CPI) was flat. The Producer Price Index (PPI) was slightly negative, and Import and Export Prices saw…
This morning, the Bureau of Labor Statistics (BLS) released “The Employment Situation – May 2024.” Investors had been anxiously awaiting the report in hopes it would give the Federal Reserve a clearer path to cut the…
Anyone holding their breath in anticipation of the Fed cutting the overnight rate anytime soon exhale. It isn’t going to happen prior to September, if it happens at all in 2024. The inflation and overall economic…
Another week, another missive about inflation. My apologies. Unfortunately, it is the most important issue facing the markets, economy and even politics. How much longer will prices remain elevated? Better put, how long will it take…