Common Cents Blog
This afternoon, the FOMC (Federal Open Market Committee) announced today it intended to cut the overnight lending target bank between member banks by 25 basis points to a range of 1.50-1.75%, and instructed the Open Market…
In case you might have missed it, there is currently a brouhaha in the NBA (National Basketball Association) over a tweet Houston Rockets’ GM Daryl Morey posted on October 4, 2019. In it was an image…
This past Tuesday, we met with clients in Northwest Alabama who asked me a very pointed and topical question: “how will this impeachment mess impact the markets and the economy?” As we were meeting in a…
Last week, I discussed how the Federal Reserve is at risk of losing control of its monetary policy due to forces beyond its direct control, arguably. There is just too much debt and too few players…
This week, I have had a number of people ask whether ‘we’ are concerned about the recent push to impeach the President, this time over a conversation he had with the Ukrainian President. In all honesty,…
It has been blisteringly hot here in central Alabama, seemingly forever. You expect hot weather when you live here; however, recent high temperatures have been unusual even for those of us accustomed to them. So much…
This week, a friend of mine sent me an article she felt I might find interesting. Actually, calling it an article might be a bit of a stretch, as it wasn’t much more than a few…
In response to last week’s newsletter, I received an email which asked the question and made the statement: “does our trade deficit really matter? After all, cheaper goods benefit the US consumer, which is the largest…
Up until about 10:00 CDT this morning, I struggled with a topic for today’s newsletter. Everything was variations on a theme or similar to something I had read elsewhere. I mean, how many different articles can you…
What an awful week, I mean really. It is too hot to much of anything outside other than sweat. However, if you stay inside, you are probably going to watch the markets flummox about and the…