Stocks fell sharply on inflation concerns in early February, but the speed of the 10% correction and impressive 2,000 point bounce back have left investor psychology and their risk exposure unphased. Bull markets love to climb a wall of worry and Bears slide down a hole of hope. Typically investors…
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…
Each year of this enduring slow growth expansion cycle starting in 2009 has had a growing chorus of doomsayers looking for the next recession. The evidence in forecasting the next economic peak resembles a litany of what if’s to justify a visceral conclusion. Rising interest rates or simply the “feeling” that this expansion is…
Republicans have been salivating over corporate tax cuts and repatriation of the estimated $2.6 Trillion in cash on US company balance sheets overseas that can’t be brought home due to double taxation. Why would Apple repatriate any of its $252 Billion after tax cash hoard, only to have $88 Billion confiscated by US taxes. Instead, US companies borrow…
For years we have been hearing chimerical Cassandra calls of consumer calamity. “The consumer is getting tired, debt levels are too high, incomes are rising too slow.” Ironically these charts below were used by a Business Insider article today titled: “Americans are having trouble paying off their credit cards — and it…
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