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Thoughts from the Frontline Archive, December 2022

Higher for Longer
  • December 16, 2022

Higher for Longer

This will be my last letter of 2022. I want to use this letter as a set-up for my annual forecast issue the first week of January. That means we will touch on a variety of topics, kind of a snapshot into where my mind is today. Get ready to travel the world but let’s start at home with the Federal Reserve meeting this week.

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Recession Scale
  • December 9, 2022

Recession Scale

Economic news—and market reactions to it—increasingly resemble a tennis game. Spectators follow the ball back and forth, thinking something will happen but usually it doesn’t.

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The Economy Is a-Changin’
  • December 2, 2022

The Economy Is a-Changin’

Then you better start swimmin'
Or you'll sink like a stone
For the times they are a-changin'

—Bob Dylan, "The Times They Are A-Changin'"

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