The latest buzzword among many economists and investors is “ noise.” It’s being used to refer to any piece of economic data that doesn’t fit the prevailing narrative, which is happening a lot these days. Don’t get me wrong — this economy is proving hard to understand. It is very strong in some…

President Joe Biden, or his designated representative, is having a good time tweeting about gasoline prices lately. Just about every time that the national average goes down by a penny, the White House is tweeting about it. We reached peak panic about gas prices about a month ago, Biden pledged to…

As a longtime market observer, what I find most interesting about the latest correction in equities has the feeling of inevitability that it will turn into something worse. It wasn’t this way in late January, when everyone wanted to buy that dip. It certainly wasn’t this way in 2007, when the…