Actually the GDP Numbers Are Not Reassuring
For some reason the upwardly-revised 2nd estimate for 4th quarter 2015 real GDP growth has reassured many analysts that the US economy is doing all right. Here’s an excerpt from — View Full Article
For some reason the upwardly-revised 2nd estimate for 4th quarter 2015 real GDP growth has reassured many analysts that the US economy is doing all right. Here’s an excerpt from — View Full Article
The recent rebound in U.S. equity markets has (as of this writing) pushed the Dow back above “correction territory.” (So does that mean it is back to be erroneously valued?) — View Full Article
I have made this point in several venues and on the pages of the Lara-Murphy Report for years, but some people may be new to this perspective. In the chart — View Full Article
[Cover image from here.] Some people have thought that guys like Carlos and me were being unduly alarmist for the last several years, when we kept warning that the Fed — View Full Article
I used to say that when short-term interest rates hit zero, and yet the major economies were still stuck in a rut, that this should surely demonstrate the impotence of — View Full Article
The above chart from the St. Louis Fed shows two important facts about the bond market: First, the blue line shows the spread between “high yield” (sometimes known as “junk”) bonds — View Full Article