Shawn Narancich

Recent bank stress is far different from 2008 financial crisis

Industrywide performance, however, expected to be lag on economic recovery

April 13, 2023

The wave of rolling crises the world experienced 15 years ago amid what would come to be known as the global financial crisis stands in marked contrast to that being experienced today in U.S. banking. We reflect on the shotgun weddings of JP Morgan

Economy forecasted to bend, not break, this year

Inflation, Fed rate hikes may hamper GDP growth

June 16, 2022

Shawn Narancich

For the first time in more than two decades, the Dow Jones Industrial Average declined for eight consecutive weeks into late May, the longest since 1932. Similarly, the S&P 500 and NASDAQ dropped for seven straight weeks - the first time since 2011

Wage-price spiral could extend risk of inflation

'Excessively easy money' has fueled higher costs

January 27, 2022

Shawn Narancich

Trillions of dollars in new central bank and federal government stimulus added to an economy already recovering from the lockdown-induced stupor of COVID-19-produced skyrocketing corporate profits and a hat trick for equity investors in 2021.

Economy endures its sharpest, shortest recession

Full return forecast in mid-year outlook

June 17, 2021

Shawn Narancich

The U.S. economy is back in business after enduring its sharpest and shortest recession ever. Zero percent interest rates at the Federal Reserve, multiple government stimulus payments, business subsidies, and generous unemployment benefits all helped

Pandemic has accelerated major transformations

Crisis spurs investments in homes, remote work, online infrastructure

April 8, 2021

Staff Report and Shawn Narancich

With tulips blooming and vaccines being administered, the warmer days of spring promise renewal ahead, and none too soon for Americans who have endured the tragedy and isolation of COVID-19 for the past year. Under such unusual conditions, America's co