J.P. Morgan Insights

The Monetary Implications of Fiscal Drag

On many occasions in my adult life, I have made New Year’s resolutions to become fitter.  As the...

• 1
• 0
• 1 año

The Slope of the Inflation Slide

The Federal Reserve maintains strict rules prohibiting FOMC members from commenting on the...

• 1
• 0
• 1 año

The Recession that Didn’t Bark

A famous Sherlock Holmes story concerns the abduction of a race horse and a guard dog that didn’t...

• 1
• 0
• 1 año

The Scales of Fundamentals and Price

In weighing the value of any security, the scales of financial markets are supposed to maintain a...

• 1
• 0
• 1 año

Why the Fed should worry less about sticky inflation (but probably won’t)

When future historians reflect upon the current age, they might call it “the worry years”. As...

• 1
• 0
• 1 año

Job Openings, Recession Risks and Prospects for a Fed Reversal

On Saturday, Sari and I made our annual pilgrimage to Kimballs for lobster roll.  Kimball Farm,...

• 1
• 0
• 1 año

The Investment Implications of Jackson Hole

Whatever else anyone may say about Jay Powell’s much-awaited speech in Jackson Hole, it had two...

• 1
• 0
• 1 año

A Line in the Sand on Inflation

The phrase “drawing a line in the sand” has an unhappy history.  In the U.S., it is said to have...

• 1
• 0
• 1 año

The Global Inflation War

Normally, the great challenge in talking about the global economy is finding a theme.  The...

• 1
• 0
• 1 año

The Inflation Cold Front

After weeks of steamy hot temperatures, a cold front is set to move through the Boston suburbs on...

• 1
• 0
• 1 año

Twists and Turns on the Road to a Better Investment Environment

The long history of financial markets, like most classic novels, is full of misunderstandings,...

• 1
• 0
• 1 año

From Allegro to Adagio: Growth, Inflation and the Fed

When engaged in the more mundane tasks of my job, I often have classical music playing in the...

• 1
• 0
• 1 año

The Lag in the Drag

Last Friday’s strong jobs numbers came as a relief to many who feared that the U.S. economy was...

• 1
• 0
• 1 año

The Quiet Machinery of Repair

One minor side effect of this terrible pandemic is that we have all become more educated on our...

• 1
• 0
• 1 año

The Rollover Race between Growth and Inflation

In times long gone by, a popular event at town fairs and school sports days was the sack race....

• 1
• 0
• 1 año

Recession Risks and Investment Implications

I refuse to believe, despite gathering evidence to the contrary, that I am getting older.  This...

• 1
• 0
• 1 año

The Keeping Cool Heads amidst Hot Inflation

I have been on many delayed flights recently and have a certain sympathy for the pilots who,...

• 1
• 0
• 1 año

The Investment Implications of Food and Energy Inflation

Following a solid jobs report last week, investors this week will turn their attention to...

• 1
• 0
• 1 año

Growth? Inflation? Recession? Principles!

My father, otherwise a very accomplished man, never learnt how to type properly. However, he...

• 1
• 0
• 1 año

The Investment Implications of a Falling Budget Deficit

Last Wednesday, the Treasury Department announced a record monthly budget surplus for April of...

• 1
• 0
• 1 año