While finding appropriate historical analogies is always tricky, the current economic environment, in our view, seems most reminiscent of the mid-1960s. Those years represented an inflection point, much like today, when fiscal spending accelerated, and...

“Deadly Charybdis—can’t I possibly cut and run from her And still fight Scylla off when Scylla strikes my men?”  ─ the Odyssey, as spoken by Odysseus In Homer’s legendary epic, the Odyssey, Odysseus is forced...

“It’s the economy, stupid!” ─ James Carville The reputations for presidents in the annals of history often rise and fall with the fluctuations in the economy.  As President George H.W. Bush would tell you from...

“Gold gives to the ugliest thing a certain charming air, for that without it were else a miserable affair.” ─ Molière The first six months of 2020 have been historic. Thus far, the year has...

“There are decades where nothing happens, and there are weeks when decades happen.” ─ Vladimir Ilyich Lenin Out of seemingly nowhere, the world is engaged in the most significant crisis since World War II. First...

The 2010s represented the longest-ever period of sustained, uninterrupted economic growth and associated market gains. With shrinking unemployment, growing average household wealth, and increasing income disparity – driven by the most activist Federal Reserve in...