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Market-driven tools for asset allocation and strategic investment
 HCWE supports the institutional investment community in formulating investment strategies through intelligent use of market data and superior understanding of how markets have behaved over time. Markets forecast Markets! With many decades in the business of capital-market analysis and reporting, HCWE remains one of the most dependable resources for innovative research designed specifically for the institutional investor. We distribute our research findings in a variety of periodic reports with telephone and video conferences and occasional on-site briefings. Find out how HCWE Insight can work for you. Contact us at: +1(978)468-4575 or send us a message. |
 R. David Ranson, |
Authorized users can view recent publications by signing in and visiting the Archives
 The Capitalist Perspective |
| Tariffs are bad for growth, but the income tax could be worse - 05/21/2025 |
| One of the classic obligations of government is to limit the economic harm done by taxation. This is not a prescription for trade without tariffs. It calls for balancing multiple sources of revenue, each taxed at a low rate. Read the most recent Capitalist Perspective now without charge. [ Read ] |
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Tactical Asset Selector |
| The hidden ability of oil prices to foresee inflation - 06/20/2025 |
| It's easy to assume that inflation responds to the price of oil too quickly for forecasting to be possible. That's true if we consider only the contemporaneous positive correlation. But hidden in the data is a secondary and inverse correlation with a lead time of one to two years. From this forecasts are possible. |
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Economic and Investment Observations |
| Contrary to belief, tariffs are domestically deflationary - 05/31/2025 |
| Any political or economic factor that pushes up the dollar in terms of other currencies will tend to be deflationary. One such factor is tariffs, despite their price impact on targeted goods and services. |
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HCWE Webcast |
| The Influence of Tariffs on the Economy and the Trade Deficit - 05/31/2025 |
| Historically, there has been a consistent connection between increased US tariffs and a narrower trade deficit. The main path through which it runs entails a reduced rate of economic growth. That same outcome is reached by a second path which involves reduced inflation and, since the 1970s, an appreciating dollar. |
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