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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 |
| How oil prices help to anticipate asset-class performance - 04/30/2025 |
| The link between stock prices and crude oil one year in the past is mirrored by other risky assets such as junk bonds and even commodities. The common factor is real GDP growth. |
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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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Economy Watch |
| The falling dollar, tariffs, and the trade deficit - 04/24/2025 |
| The likelihood of permanently higher import tariffs starts a chain of events leading to a reduced trade deficit. But along the way much damage is done to the dollar, inflation, domestic investment and growth. |
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Synopsis |
| Briefing Points on the Economic and Market Outlook - 04/30/2025 |
| The radical economic policies of the Trump administration insert many uncertainties into the economic and capital-market picture. Inflation continues to be held down by depressed oil prices which, in turn, are partly a symptom of elevated geopolitical risk. |
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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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