by Gary Gordon | Jun 23, 2022
The chair of the Federal Reserve, Jerome Powell, appeared before the U.S. Senate Banking Committee yesterday (6/22/2002). He acknowledged that a recession could result from the Fed’s battle against inflation. “It’s certainly a possibility,” he...
by Gary Gordon | Jun 21, 2022
How scary is the “double whammy” of higher inflation and higher borrowing costs? Businesses have never been more pessimistic about the near-term future. Companies may be taking their cues from consumers. In particular, people are unlikely to spend on...
by Gary Gordon | Jun 17, 2022
There are those who believe that the U.S. can avoid an economic downturn while simultaneously battling a 40-year high in the inflation rate. The problem? There has never been a time when annual inflation has been reined in by more than two percentage points without a...
by Gary Gordon | Jun 15, 2022
The Federal Reserve electronically created close to $5 trillion for the U.S. government to hand out in the pandemic. Here in 2022, we are seeing the consequences of our government’s money printing gone awry. For instance, 2020 investors “took advantage” by...
by Gary Gordon | Jun 10, 2022
Are we already in a recession? It’s certainly possible. The economic world typically defines a recession as having two consecutive quarters of negative growth. The measure of that growth? Gross domestic product (GDP). GDP contracted in Q1. And according to the...
