Economic Commentary April 2020

on Apr 9, 2020 5:05:05 PM By | Mel Miller | 0 Comments | Economy Stock Investing Economic Commentary
"March Madness" Turns to March Sadness By Mel Miller, CFA®, Chief Economist  |  Download PDF As an economist, I rely on government and industry statistics to determine not only my analysis of the current economy but to formulate my forecast of the future direction of the economy.  Tempering my investigation is the built-in lag time in the releases of at least one month. Typically a one month lag is of little consequence as an economy does not change rapidly but merely continues or reverses well-established trends. In a “normal” economy, I feel reasonably confident in describing the current situation, adding my interpretation, and forecasting the next quarter’s economic outcome within a small margin of error.  I define this process as writing “non-fiction.”
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Economic Commentary January 2020

on Jan 22, 2020 12:04:52 PM By | Mel Miller | 0 Comments | Economy Stock Investing Economic Commentary
Civility On Hold By Mel Miller, CFA®, Chief Economist  |  Download PDF The current political environment turned even more toxic during the fourth quarter of 2019. One can only hope that historians will look back on 2019 as the low point of civility. President Trump, impeached in the House of Representatives, following partisan wrangling in what observers feel was the most toxic hearing in U.S. history. The septic environment has bifurcated groups and families making for tense Holiday gatherings. Judged by friendly Republicans, the President will likely prevail in the Senate.
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