Investment Strategy

The Difference Between CPI, GDP deflator, and PCE deflator

Economics
If you’ve ever listened to a Federal Reserve press conference, you may have heard the terms...

Understanding the Economics Behind Trade Deficits and Surpluses

Economics
Since Trump was elected to office, conversations about the trade deficit and tariffs have been top of mind for investors, corporations, consumers, and anyone affected by the trade disputes that Trump has pursued during 2018.  In this article, we aim to build a better understanding of the economics and underlying drivers that lead to a…

Understanding GDP and the National Income Accounts

Economics
Gross Domestic Product (GDP) is an important metric calculated by the Bureau of Economic Analysis (in the United States) every quarter.  GDP is a measure of the output of all goods and services produced.  Because GDP measures the output of the economy, investors, economists, and policy makers pay close attention to the GDP growth rates…

Inflation and the Role of Money – Everything You Ever Wanted to Know

Economics
The financial press is constantly abuzz with talk about inflation.  The Federal Reserve targets a 2% inflation rate, but in the years following the 2008 financial crisis, Fed economists fretted about inflation that was “too low.” 

An Explanation of Labor Force Metrics

Economics
Every month, the Bureau of Labor Statistics (BLS) puts out its jobs report, detailing how many jobs the economy added,...

How Do Government Purchases Crowd Out Investment?

Economics
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