Steve Blitz started his career doing econometric modeling at Data Resources Inc., then moved to creating derivatives-market strategies for Salomon Brothers. He later managed fixed-income portfolios at Offitbank before becoming Lazard Asset Management's global head of fixed-income.Expand

More recently, Blitz served as chief economist at M Science LLC (formerly named Majestic Research and ITG IR), where he utilized so-called "big data" to support his analyses of the U.S. economy and monetary policy.

Blitz holds a bachelor's degree in economics from New York University and a master's degree in economics from Columbia University's Graduate School of Arts and Sciences.Collapse

The current data swirl gives the Fed a green light.
The market is probably underestimating the odds of an FOMC move next month.
We might see strong job gains ... but lackluster wage growth.
The FOMC lays out its case for raising rates, probably once a quarter.
Expectations for wage increases and job availability are much less than they were coming out of previous recessions.
Slower pace of lending and income growth doesn't justify another hike.
Don't expect real growth to respond to Trump's agenda until later in the year.
It is probably correct for the Trump thrust to boost industry rather than homebuilding.
Builders are shifting focus toward people 25-years-old to 34-years-old as their buying power grows.
Trump's initiatives are likely obliged to focus on influencing the location of production, and the sooner the better.

Columnist Conversations

volatility is quite low here, and we could see some downsides here in the short term. ...


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