Celebrate Murray’s 100th Birthday with Us!

Over 150 years ago, Congress passed a statute that criminalized home distilling—the practice of setting up a still in one’s home or backyard to manufacture alcoholic beverages. Last week, however, the Fifth Circuit Court of Appeals affirmed that this statute was unconstitutional. In other words, the Court of Appeals recognized that my clients—the nonprofit Hobby Distiller’s Association […]

Inflation Fears Fade As War Drags UMich Sentiment Lower After rebounding solidly in January and February, expectations were for a modest decline in UMich Sentiment in preliminary March data and analysts were right but the 55.5 print (from 56.6 prior) was better than the 54.8 expected. Current Conditions actually improved, surprising to the upside (57.8 vs 56.6 prior vs 54.9 exp) Expectations fell more than expected (54.1 vs 56.6 prior vs 54.5 exp) Current Conditions are at their highest level since October while expectations are at their lowest since November. Source: Bloomberg Interviews for this...