An important reminder as we head into what could be a very ugly week for stocks

Before we get to the “important reminder,” the following chart is from the dynamic web-report, OECD Economic Outlook, June 2020, put out by the Organisation for Economic Co-operation and Development (OECD) twice a year. This highly followed report illustrates what Fed Chairman put into words in his recent speech, following the central bank’s two-day policy … Read more An important reminder as we head into what could be a very ugly week for stocks

Aggregate Demand & Back to Normal

One only needs to look at the trend in railroad traffic this year vs the trend in railroad stock prices to see that investors are defining a “return to normal” economic activity as the pre-recession level. However, utilizing a reasonable 2% economic growth pre-recession rate (since 2007, economic growth has barely averaged 2%) and current … Read more Aggregate Demand & Back to Normal