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 [...]
Executive Summary The stock market moves in bull and bear cycles. Investors tend to be the most enthusiastic at the top of the bull cycle when valuations are stretched to the limit. This phenomenon is exacerbated by the "cheerleaders" on financial media rooting for a "new market [...]
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 [...]
Executive Summary Stock market hype or the stock market cycle, which is more important? As I have written many times before, the financial media is biased toward a positive (hype) slant - even if it means picking individual data points while ignoring the overall picture of the [...]