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Michael Lebowitz

  • Analysis & Comment

Michael Lebowitz's Comment & Analysis
A complete archive of Michael Lebowitz's articles, including current analysis & comment.

When you’ve worked hard to build wealth, protecting it becomes just as important as growing it. However, even high net worth individuals (HNWIs) often fall into avoidable traps, especially when...
Initial and continuing jobless claims are as close to a real-time proxy on employment as we have. Thus, while they do not hold the same importance to the markets as the monthly BLS data, they are...
Running a successful business takes grit, vision, and no shortage of time. Between managing operations, leading teams, and scaling growth, personal financial planning often gets pushed to the back...
Deficits and the Tradeoffs Required to Fix Them
By Michael Lebowitz - Jun 11, 2025
By falling significantly short of its intended savings goals, the DOGE program underscores the substantial challenges that hinder efforts to reduce federal spending and cut the deficit. Furthermore,...
The Case for Bond Yield Chasing
By Michael Lebowitz - Jun 09, 2025
Numerous bond narratives are driving long-term bond yields higher. “Crippling deficits” and a tariff-induced inflation sit at the top the list. We have repeatedly poked holes in these narratives....
For many Americans, accumulating $2 million in retirement savings is a significant milestone. However, the longevity of these savings can vary greatly depending on the state in which you choose to...
The Deficit Crisis Is Really a Recession Problem
By Michael Lebowitz - Jun 06, 2025
The graph below provides a clearer understanding of the US fiscal deficit. First, focus on the red line below, graphing the ratio of federal debt to GDP. Note that it is at the same level today as it...
Digital Money was the title of TBAC’s April 30, 2025, presentation to the U.S. Treasury Department, and an important topic worth discussing. TBAC, short for the Treasury Borrowing Advisory Committee,...
Some bearish bond investors in Japan and the US appear to believe that a paradigm shift is underway in the sovereign bond markets. To wit, consider the following statement from Jim Bianco on...
As retirement approaches—or begins—investors often find themselves at a crossroads: How can you preserve the wealth you’ve accumulated while still ensuring it continues to grow? Striking the right...