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Policy and Regulatory Commentary
The Federal Gas Tax: Unpopular At Any Rate
“Across America, the pandemic is in retreat. … and more people are traveling this Memorial Day,” heralded a White House statement at the outset of the holiday weekend. “[A]s Americans are hitting the road, they are paying less in real terms for gas than they have on average over the last 15 years.”
Market Outlooks
Weekly Macro Update: The Emerging Markets Recovery & The Race Ahead
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With the Fed’s “tapering” clock now officially ticking, many Emerging Markets face an even more urgent challenge to tackle the pandemic.
Policy and Regulatory Commentary
Washington’s Long, Partisan Summer
Memorial Day is the unofficial beginning of summer. In Washington, D.C. this year, the holiday will kick off a particularly long, ugly, and partisan few months.
Macroeconomic & Geopolitical
Redistricting and Retirements Will Send Shockwaves Through Washington
A few weeks ago, we discussed how several upcoming special elections will soon impact the margin of power Democrats currently hold in the U.S. House of Representatives.
Market Outlooks
Weekly Macro Update: Approaching Apogee
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Even as the U.S. economy rockets higher, last week's jobs miss will start to raise questions about what is a sustainable trajectory.
Policy and Regulatory Commentary
The Third Rail of Politics: Tax Increases
This past February marked the 108th anniversary of our modern income tax system. (We’ll forgive you if, like us, you missed the milestone.)
Market Outlooks
President Biden’s First 100 Days: By The Numbers
President Joe Biden marks his 100th day in office tomorrow. What has happened so far?
Market Outlooks
Weekly Macro Update: Time to Start Thinking About Thinking
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The Fed doesn’t need to act anytime soon, but Powell needs to reassure investors that he sees the same strong data they do.