View from the Observation Deck 1. Companies have a number of ways in which to return capital to their shareholders. […]
The ISM Non-Manufacturing index increased to 58.3 in March, slightly below the consensus expected 58.5. (Levels above 50 signal expansion; […]
Visualizing the Commodity Super Cycle Since the beginning of the Industrial Revolution, the world has seen its population and the […]
View from the Observation Deck 1. One of the most common questions we field on an ongoing basis is the […]
The trade deficit in goods and services was essentially unchanged, coming in at $89.2 billion in February, larger than the […]
Intellectuals and politicians often try to verbally summarize or justify conventional thinking in pithy ways. Milton Friedman (in 1965) and […]
View from the Observation Deck 1. The real rate of return on a bond is calculated by subtracting the most […]
The ISM Manufacturing Index declined to 57.1 in March, missing the consensus expected 59.0. (Levels higher than 50 signal expansion; […]
Nonfarm payrolls increased 431,000 in March versus a consensus expected 490,000. Payroll gains for January and February were revised up […]
View from the Observation Deck 1. This marks the 11th calendar year in which we have tracked the asset growth […]
Personal income rose 0.5% in February, matching consensus expectations. Personal consumption rose 0.2% in February (+0.6% including prior months’ revisions) […]
