Friday, October 25, 2019
Lifestyle of the Rich & Famous President
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The US economy continues to grow despite recurring recession scares. By my count, they’ve triggered 65 panic attacks in the stock market si...
Monday, October 21, 2019
Another Upside Hook for S&P 500 Earnings?
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The Q3 earnings reporting season has started. Industry analysts’ estimates for the S&P 500 operating earnings per share plunged 8.7% fr...
Sunday, October 6, 2019
The Myth of Income Stagnation, Again
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The key to a happy economic outlook and a continuation of the bull market in stocks is productivity growth. I think productivity growth ...
Thursday, October 3, 2019
No Recession In Purchasing Managers Report
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One of my favorite songs is “We Didn’t Start the Fire” (1989), by Billy Joel, who is one year older than I am. The lyrics are simply a long...
Wednesday, September 25, 2019
As Germany Sinks, Draghi Promotes MMT
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Germany's Homegrown Problems. IHS Markit has released its flash estimates for September’s Purchasing Managers’ Indexes (PMIs) in the Eu...
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