Recession Watch: Inflation and the Fed
Are we in a recession? While we do not believe we are, we are alert to the possibility of one developing.
The Incredible Shrinking P/E Ratio
The decline in share prices combined with stable earnings projections means Price to Earnings ratios have declined significantly over the past six months.
Pendulum Shifts: Cyclical versus Secular Change
We have noted that 2022 has been a year of uncertainty. Investors have been forced to face changing conditions in both the markets and the economy.
This is Not Your Father’s Inverted Yield Curve
With all the uncertainty in the current market, it is natural for investors to seek out familiar indicators guiding them toward what to expect next.
The Corporate Juggernaut: Can It Be Stopped?
Many observers of the stock market seem to be amazed at how well common stocks have done over recent years.
Living with the COVID Endemic
At Crawford Investment Counsel we are constantly working to stay informed and fully abreast of developments that can have an economic impact.
Are Bond Yields Compensating Investors for Inflation
Bourgeoning inflation anxiety has many bond investors concerned about being adequately compensated.
Where Did the Bond Vigilantes Go?
In the face of extremes, the bond market remains surprisingly calm. Given these circumstances, one might ask, “Where did the bond vigilantes go?”
The Natural Rate of Interest
The natural rate is theoretical, that is, unobservable, but it is nonetheless of extreme importance to both policymakers and investors.
The Psychology of Inflation
We believe that the psychology of both inflation amongst consumers and wages amongst workers will be key determinants of future inflation.
The State of the Consumer
At Crawford Investment Counsel (Crawford), we believe the financial condition of the U.S. consumer has rarely been better.
The Savings Glut: The Good and the Bad
The issues surrounding savings and investment and resulting saving gluts are complicated and multifaceted.
