Joe CarsonOct 1, 2020Employment Data: What Accounts for the Big Gap Between ADP and the Official Jobs Data? September’s ADP employment report showed a gain of 749,000, following gains of 481,000 in August and 216,000 in July. While the focus of...
Joe CarsonSep 25, 2020Household Portfolio's Show the Uneven and Unfair Effects of the Modern Monetary Policy Regime For more than two decades, policymakers have followed the rationale that maintaining a low and steady inflation rate produces the best...
Joe CarsonSep 17, 2020Retail Spending & Tax Data: Two Reasons Why The Administration Decided To Go Big On Another StimulusIn a sudden reversal, the Trump Administration has given its blessing for a bigger stimulus plan. It was only a week or so ago when the...
Joe CarsonSep 16, 2020Don't Trust The Fed's Long Run Rate ForecastAt the September 15-16 Federal Open Market Committee policymakers extended their economic forecasts through the end of 2023. The updated...
Joe CarsonSep 13, 2020Liquidity Boom Fueled By Record Stimulus Has Ended: Equity Market Most Vulnerable