Mar 7, 2021
Many analysts contend that current stock valuations resemble the dot-com era. You can see it visually at CurrentMarketValuation.com. Some highlights . . .The classic "Buffett Indicator" certainly seems to be in nosebleed territory. Notice that the valuations in 1966, the...
Mar 2, 2021
For inflation to be a near-term threat, five things would have to happen this year:Vaccines and other measures bring the pandemic under control this summer in the U.S. and other developed countries.Consumers use relief dollars, savings, and/or borrowing to quickly increase...
Feb 26, 2021
Former Treasury Secretary Larry Summers recently pointed out that overstimulation risk will far exceed the "output gap" shown in the latest Congressional Budget Office economic projections.What is an output gap? Gross Domestic Product measures (or at least tries to)...
Feb 24, 2021
Among the many strange, unforeseen changes of the last year is a new respect for Keynesian economic theory.Practically everyone in power now agrees that deficit spending produces GDP growth. They differ only on its expected magnitude and duration. The few exceptions are...
Jan 22, 2021
This year will bring several economic challenges in the U.S. , some we may not yet foresee. But I can already identify at least four.
Dec 8, 2020
My sources say Mnuchin is looking for a way to make a deal with Democrats more palatable to Republican senators. Recovering unused Fed money gives him almost $500 billion to soften their frustration with the price tag.
Dec 8, 2020
My sources say Mnuchin is looking for a way to make a deal with Democrats more palatable to Republican senators. Recovering unused Fed money gives him almost $500 billion to soften their frustration with the price tag.
Dec 4, 2020
What happens when we come to the place where we have to deal with all that debt?