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Midyear Thoughts

Seen on a t-shirt:  Doc Brown, standing in front of his time travel DeLorean says to Marty McFry: “Above all, don’t go to 2020!” (a take on the movie, Back to the Future, 1985) We quote this not to sidestep… Continue Reading →

Across the Transom, May 5, 2021: Battle Over American Rescue Plan Monies

Twenty-one attorneys general have weighed in against the American Rescue Plan’s (ARP) stricture not to use the $350 billion federal money to state and local governments to pay for tax cuts.  (Read more here, here and here.).  Texas, Louisiana and… Continue Reading →

The co-dependence of inequality

The frenzy in financial markets over a potential April jobs report of nearly one million new jobs will occupy the news cycle this week.  Astute market watchers point out that wages will be important to watch as well. That is, it’s… Continue Reading →

Above Average Hurricane Season Expected in 2021

Colorado State University’s Tropical Weather and Climate Research issued its first report about the 2021 hurricane season yesterday, April 8, 2021.  This is the first “Extended Range Forecast of Atlantic Seasonal Hurricane Activity and Landfall Strike Probability for 2021”.  The… Continue Reading →

Some Useful Links: Federal Expirations and PABs

The Committee for a Responsible Federal Budget has published a comprehensive list of expiring programs. As the conversation heats up in Washington about funding infrastructure, we post a backgrounder about “private activity bonds”, aka PABs, from the Congressional Research Service…. Continue Reading →

Climate and Financial Stability

In last week’s House and Senate hearings, Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen were each repeatedly questioned about financial regulation and managing the risks of extreme weather events and other natural disasters.  While Chair Powell asserted… Continue Reading →

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