Topic: Financial Markets

Consumers (Sovereignly) Control Google

– July 9, 2024

“Every commercial choice — buying, selling, abstaining, using — is not just a transaction but a significant vote for who should produce what, when, where, and how.” ~Art Carden

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June U-3 Jobless Rate Triggers Sahm Rule: Recession Ahead?

– July 5, 2024

“This uptick triggers the Sahm Rule, a real-time recession indicator, suggesting that the US economy is in, or is nearing, a recession.” ~Peter C. Earle

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ESG: A Gordian Knot of the Highest Order

– July 5, 2024

“Thanks to a complex web of CSR initiatives, aid and development programs, progressive intergovernmental agencies, and the do-good posturing of political elites, businesses will further be ensnarled to ESG.” ~Kimberlee Josephson

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Policy Uncertainty Drives Economic Volatility

– June 26, 2024

“Regulations often have significant compliance costs and operational challenges. The regulatory burden can stifle innovation and deter investment, particularly in industries struggling with economic headwinds.” ~Vance Ginn

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Business Conditions Monthly April 2024

– June 24, 2024

“The road ahead remains uncertain, though, with potential outcomes ranging from a slow, steady economic rebalancing to sluggishness or even a recession.” ~Peter C. Earle

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Governments, Not Markets, Impel ESG 

– June 4, 2024

“Prominent financial institutions have backpedaled on ESG, with net outflows from ESG funds. This divestment suggests that financial institutions may have overestimated market demand for ESG.” ~Daniel Sutter and Allen Mendenhall

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Dollar Dominance, Dollar Dependence

– June 3, 2024

“Skeptics to the global monetary hegemon have long called for its demise — on causes of design or ideology, theory or empirics. And for decades, they have been proven wrong.” ~Joakim Book

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Texas Continues to Push Back Against ESG, But Is It Enough? 

– May 23, 2024

“The TPSF manages funds designated for education on behalf of Texas taxpayers. If the funds have lower returns because of asset managers’ ESG crusades, Texas taxpayers are on the hook.” ~Paul Mueller and Thomas Savidge

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Business Conditions Monthly March 2024

– May 22, 2024

“We remain cautious, as economic statistics have been both volatile and reflective of highly unusual underlying conditions since pandemic policies were lifted three years ago.” ~Peter C. Earle

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AIER Everyday Price Index Rises for Fifth Consecutive Month

– May 15, 2024

“April’s core CPI data represents the lowest of 2024 and may signal the resumption of disinflation, particularly where shelter costs are concerned. Despite some favorable signs, though, there remains a persistent inflationary pressure in certain categories.” ~Peter C. Earle

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Importing Votes, Not Steel 

– May 13, 2024

“Cooperation between conglomerates can be swept aside by the government for political gain. Ultimately, it is the public who pays for these political plays.” ~Stefan Bartl

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Does Market Concentration Signal Monopoly?

– May 3, 2024

“The Coasean theory of the firm is noticeably absent from antitrust discussions. Failure to understand that firms arise to lower costs can lead to incorrect conclusions.” ~Jon Murphy

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