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One event takes place every Thursday afternoon around 4:30PM Eastern Time that few people ever notice. Every Thursday afternoon, the Federal Reserve quietly releases its balance sheet. Like any business, the balance sheet is a look under the hood of the business. The balance sheet reveals all. It …
Four hundred years ago this week, on November 11, 1620, one hundred two men and women landed on the shores of the modern Cape Cod, MA. Most of them were part of a group of Protestant separatists who were members of a church in England from a village called Scrooby. They sailed across the Atlantic O…
Watching the stock market this week could easily give you economic whiplash. The week began with an announcement of progress toward a COVID-19 vaccine in clinical trials that sent the market soaring to a new record for a single day of trading – up 452 points by noon on Monday. By Wednesday, however…
Economists breathed a sigh of relief when news of the nation’s Gross Domestic Product (or GDP) broke Thursday morning. GDP is measured as the total goods and services produced in a given period. According to the U.S. Department of Commerce‘s Bureau of Economic Analysis, GDP for the third quarter ro…
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