Darker Before the Dawn

Do you believe that the U.S. economy will experience a recession in 2023? Most signs point to it. Rare are the circumstances when 10-year Treasury obligations yield more than three quarters of a percentage point more than 3-month T-bills. The “yield curve...

Buckle Up: Hard Economic Landing Straight Ahead

The mainstream financial media continue to push the notion that the employment picture is robust. Unfortunately, the reality is a lot less vigorous. Consider the fact that millions of working-aged Americans never returned to the workforce after the 2020 pandemic. The...