
Notes on the Economy – Q4 2025 Summary
Key economic data is missing due to the recent federal government shutdown which impeded data collection and delayed its publication.

What’s Next for International Trade?
Although the world largely avoided the initial tariff storm, the dark clouds gathered over international trade are far from gone.

Here’s What the Shutdown Will Cost
Every week of the government shutdown has a cost; here’s what the U.S. economy will pay.

Oil Prices Are Down, but the Outlook Is Way Up
Here’s a tip that’s sure to fuel an investor’s imagination.

Seeing Beyond the Chaos of Today
America seems to be in a state of chaos, yet the economy chugs along. Here’s why.


Notes on the Economy – Q3 2025 Summary
Tariff front-running is ending and the tariff bear does not appear as scary as a few months ago; still lingering effects of front-running dominate data headlines, and tariffs remain a danger to the economy.

How China Is Beating U.S. Tariffs
China has found a backdoor into U.S. trade markets, avoiding stiff U.S. tariffs.

The One Big Beautiful Bill’s Real Deficit
The one big beautiful bill will drive up the federal debt but not by as much as everyone says.




