The invisible hand of market forces steering our economy is still a corona virus. The economy contracted at a record 30+% pace when this pandemic spurred a national lockdown and when COVID metrics improved from late April to mid June we saw an improving economic scorecard as many cities slowly…
“Build it and they will come” (Field of Dreams) is a demand driven mantra that applies to the secular housing shortage today. The normal business world responds to shortages by rationing supply with higher prices until production can rise to meet demand. However, over the past decade the residential construction…
Don’t fight the Fed is a well worn adage that has proven its value once again during the COVID-19 pandemic as record injections of Central Bank (Fed) reserves coincided with a record run higher in our stock market. The Fed began its quantitative easing (QE) experiment when they printed a…
The family of crown shaped coronaviruses has been identified in humans since 1965, originally associated with the harmless common cold. With 7 known types of regal looking coronaviruses known to infect humans, the current COVID-19 cousin is most closely related to the Chinese SARS virus (or COV-2) that appeared in…
The record setting Bull market in stocks since 2009 had reached a parabolic climax in February. The 1st quarter culmination was particularly amazing in that the US economy had been slowing for months and the growing Covid pandemic had already shut down China and begun moving into the rest of…
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