Bi-Weekly Economic Review: Waiting For Irma

This update will be a bit shorter than usual. I’m in Miami awaiting Hurricane Irma. As of now, it looks like the eye of the storm will make landfall near Key West and continue west of us with the Naples/Ft. Myers area at risk. Or at least that’s the way it looks right now. I’ve done a lot of these storms though – I lost a house in Andrew in ’92 – and you never know what these things will do. We are secure in a house that survived Andrew with barely a scratch so we’re pretty confident. In some ways it is like monitoring the economy. I don’t believe you need to predict anything – just recognize what is actually happening in the present and react accordingly.
The economic reports of the last two weeks were not as bad as the market moves they precipitated. That could be due to other factors such as Hurricane Harvey and its impact on the energy industry or the now fairly normal political chaos that is the Trump administration. Whatever the cause, the market based indicators we watch all deteriorated to some degree or another.
10 Year Treasury yields continued to fall:

This post was published at Wall Street Examiner on September 9, 2017.