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Blog
How Are Stock Valuations Justified?
Executive Summary During stock market bubbles, investors become convinced markets can only rise. Justifications for high valuations such as it is a [...]
Has the Stock Market Ever Been This Irrational?
Executive Summary A good measure of the reasonableness of stock market prices is the Price to Sales ratio, mainly because gross sales [...]
What is a Debt Cycle?
Executive Summary Economist John Mauldin wrote several articles reviewing hedge fund manager Ray Dalio’s book “How Countries Go Broke: The Big Cycle.” [...]
Are the Markets Reflective of Reality?
Executive Summary From the bottom of the Financial Crisis in March of 2009, the S&P 500 climbed to a recent high of [...]
Is the Road Getting Shorter?
Executive Summary While the stock market is rising, so also is the U.S. Federal Debt. Currently the balance is rapidly approaching $38 [...]
Are There Issues with the GDP Numbers?
Executive Summary Recently the Bureau of Economic Analysis (BEA) released their final number for second quarter 2025, real annualized GDP growth at [...]
What Will the Fed Do From Here?
Executive Summary The one piece of the economic puzzle which had appeared to defy gravity was employment; however, the picture changed with [...]
Was the Payroll Revision the Last Straw?
Executive Summary The one piece of the economic puzzle which had appeared to defy gravity was employment; however, the picture changed with [...]
Should the BLS Release Distorted Data?
Executive Summary There have been discussions lately about the reliability of the monthly “new jobs” report released by the Bureau of Labor [...]