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Is the U.S. in a Recession?
Executive Summary The National Bureau of Economic Research, the arbiter for dating recessions, has not yet declared [...]
Has the Fed Distorted Secular Market Cycles?
Executive Summary Stock markets move in long-term (secular) and shorter-term (cyclical cycles). Historically, the Shiller Price-to-Earnings (P/E) [...]
What Does 2023 Hold?
Executive Summary As 2023 gets underway, the bear market pattern of 2022 continues. After a few down [...]