July 26, 2024 - Summer is normally a quiet time of year as families head for vacation and headlines and markets take a back seat. But not this year. As we bake under the suddenly ubiquitous heat domes and global temperatures set records only to
Blog Posts - Deutsch
Quarterly Letter: The Value Meal Wars
July 10, 2024 - A truism of US economics is that one should never underestimate the US consumer and their ability to propel the economy forward through spending. But what happens when consumers start running out of money? Fast-food chains are finding
Market Note: Summer Economics
June 7, 2024 - As we step into summer, thinkof US economic growth as a car that is no longer accelerating, but is still moving forward, powered by its own momentum. With a moderate 1.3% annualized growth in the first quarter of 2024, the Fed’s
Europe Has a Growth Problem. Should You Care?
By Jeanette Garretty and Avi Deutsch May 17, 2024 - In 2007, on the eve of the global financial crises, the economies of the European Union and the US were almost identical in size. Fifteen years later, in 2022, the US economy was 1.5 larger than
Quarterly Letter: Everyone is Just Waiting
April 10, 2024 - The fall of 1982 was truly a depressing economic period. In November, unemployment hit 10.8%, its highest rate since the great depression. Flint, Michigan, experienced the highest unemployment rate of any metropolitan area, with
Do You Have a Plan?
March 16, 2024 - As we bask in the warmth of these first days of spring and renewal, we are taking a break from our economic and financial analysis to spotlight the importance of wealth planning. At Robertson Stephens, we like to say that managing a
Market Note: Wait, Is Inflation Back?
February 16, 2024 - Data released on Tuesday showed that consumer prices increased by 3.1% in January from a year earlier.[1] Though a decrease from December’s 3.4% number, January’s reading was above the economists’ consensus projection of
Quarterly Update: A Soft Landing into a Hard World
January 12, 2024 - I suspect few will mourn the end of 2023. The year that started with deep concerns over the economy and ended with geopolitical turmoil saw few happy headlines. Despite the turmoil, the US economy had a surprisingly strong year,
New Cycles
By Avi Deutsch December 7, 2023 - Occasionally, economic periods coincide with the annual rhythm of life, and this December appears to mark one of those instances. A feeling of transition is in the air, marked by cooling inflation, a loosening
Quarterly Update: Investors Finally Start Believing the Fed
October 6, 2023 - After a decade and a half of ultra-expansionary monetary policy, it’s perhaps not surprising that investors scoffed at the idea that interest rates may not return to the near-zero level we’ve gotten accustomed to. A recency bias
