No, this is not about politics, although the original phrase was coined by James Carville in 1992 in connection with President Clinton’s successful 1992 presidential campaign. According to Wikipedia, the original phrase was, “The economy, stupid”, but is often mistakenly rendered as, “It’s the economy, stupid.” Obviously, the state of the economy and the outlook … Continued
There seems to be a disconnect between the Fed’s expectations and those of investors. The Fed appears to continue to expect that the economy will grow at rate above 2% during 2019, which, when viewed in the context of very low unemployment, could lead to an inflation rate above the Fed’s 2% target. Investors by … Continued
This is a quotation from FDR’s first inaugural address when the country was in the middle of a severe depression. Obviously, we are not currently seeing any serious economic stress. But rather, we are looking at a very strong economy and a strong stock market, generally just a few, single digit percentage points from all-time … Continued
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