The Debt Ceiling is Back on the Table for 2025
For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted as ideas were floated to push the issue off.
When Market Rallies Go Too Far: Why JPMorgan’s David Kelly Sees Risks Amid Investor Optimism
As we approach 2025, U.S. stock market is raising both eyebrows and alarms. JPMorgan Asset Mgmt's Chief Global Strategist, David Kelly urges caution.
US Banks, Business Groups Sue Fed Over Stress Test Framework
Groups representing U.S. banks/businesses said they were suing Fed to challenge what they described "opaque aspects of the stress testing framework."
Flexible Plan: What We Really Need
The invitation to our holiday party a few years ago read “Dress: Cocktail.” One of our guests, John Zilli, wondered, “What exactly does that mean?” He Googled it. Knowing John, I’m sure he studied many of the Google responses. The best was quite specific. It said, “If you have a velvet sports jacket, now’s the time to use it.”
As it happened, John had a velvet jacket tucked away in his normally minimalist closet. He wore it to the party and looked quite festive!
Why A Housing Market 'Thaw' Never Came In 2024
Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant.