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The Fed’s Worst Case Scenario

The biggest news from the US Federal Reserve this week won’t be the results of Wednesday’s FOMC meeting. Chair Powell and other Fed officials have already conditioned markets to expect a …

The Price Where Oil Becomes a Problem

Over the last few years we have noticed that the shrill tone so common in social media has drifted over to person-to-person email as well. For example, a few weeks ago …

Comparisons Are Odious

In our daily “Data” section we typically analyze the numbers that create and support market narratives. The usual themes of our work: there’s no such thing as a perfect dataset and …