Author: Moises

June 2020

The U.S. recession, which officially began in February, probably ended in April or May. Technically, that means we are in recovery. But for many, it sure doesn’t feel that way. Millions of Americans are...

May 2020

Will reopening of the economy proceed smoothly or is there worse to come? No one really knows the answer. Such is the uncertainty of the times. As the number of new cases decreases, people...

April 2020

In April, we began to come to terms with the lethality of the coronavirus pandemic. Cases and deaths skyrocketed. The choice was clear. To contain the spread of the virus, it was necessary to shut...

March 2020

The recession has arrived. The question now is: How severe will it be? For months, Maryland Smith’s Bill Longbrake has noted the many risks that have been building steadily for the U.S. and global economies....

February 2020

Will the coronavirus Covid-19 sink the global economy? In short, no. But there will be damage, particularly in China. And, there is uncertainty about the potential severity of the epidemic and therefore so the...

January 2020

2019 started out badly, with stocks falling nearly 20%, and ended extremely well with stocks rising nearly 30%. Driving this dramatic turnaround was a monetary policy U-turn. Instead of raising interest rates during the...

December 2019

What a difference a year can make. In December last year we were in the midst of an ugly meltdown in financial markets which culminated on Christmas Eve with close to a 20% decline...

November 2019

The recession scare of late summer now seems like a bad dream – out of touch with reality. Market participants are ebullient. The U.S. economic expansion, now the longest in history, rolls on with...

October 2019

Global growth continues to slow and the U.S. manufacturing sector is in recession. However, events unfolded in September and early October that reduced downside risks and the perceived threat of imminent U.S. and global...

September 2019

Several global risks escalated in August and fears of recession surged. But events have unfolded in September that have reduced the perceived threat of imminent recession. The U.K. parliament passed a law requiring Prime...