Are There Limits to Debt-Fueled Growth?

2019-08-07T21:34:45+00:00July 23rd, 2019|Categories: ECONOMY, INVESTMENT|

Executive Summary The current economic expansion is the longest and weakest in history. Why is that? This "recovery" was sparked and maintained by unprecedented experimental monetary policy. This included printing $3.7 trillion in liquidity and dropping interest rates to zero. The result was massive expansion of debt [...]

Does the U-3 Tell It All?

2019-08-07T21:36:24+00:00July 9th, 2019|Categories: ECONOMY|

Executive Summary According to an op-ed recently in Bloomberg, the labor force has contracted in 2019.  Additionally, according to the article, employment according to the Bureau of Labor Statistics' Household Survey has actually declined by 200,000 this year. This may sound unbelievable when compared to the headlines of a strong [...]