In recent quarters we have exposed the hyperbole of doom and gloom evidence, while expecting a first quarter 2018 double digit stock market correction. We have shown that the stock market margin debt ratio is normal, credit card and mortgage default rates are calm, credit spreads, junk bonds, yield curves…
The Bureau of Labor Statistics (BLS) states clearly that 95 Million people in the US are not in the labor force! Those who are quite alarmed by this shocking number include: Chief Economist Dan North, CNBC financial reporter Rick Santelli and Peter Boockvar, Chief analyst of the Lindsey Group. Echoing…
The larger service economy recovered years ago and remains strong, while the manufacturing world has only confirmed exceptional expansion rates over the the past year. The latest ISM Manufacturing Purchasing Managers Index (PMI) test of 61 is impressive and usually occurs in the early to middle innings of a new economic…
Impressive Economic Acceleration Our theme for 2018 is for an even stronger economy accompanied by slowing stock market growth as compared to 2017. Much of the slow recovery since 2009 has been on the backs of the consumer without the normal contribution of Investment Spending and Exports. The new expansion cycle we entered in…
With 15% gains in the major stock indices (Nasdaq 28%) stocks are on pace for their 4th best year since 1999. Precursors of accelerating economic growth abound in 2017, reflective of the rebounding earnings and future expectations. The stubbornly sluggish US GDP continues to hover near its 2.1% post mortgage…
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