I've often used the analogy of treating a cancer patient to describe how our monetary and fiscal policy leaders have treated a recession. A doctor has two goals when treating cancer. The first is the most obvious — eliminate the tumor. The second is to make the patient as comfortable as
Tag: Personal Income
We paused on Monday to remember all those who sacrificed their lives to defend our freedom. As I've said many time, we live in the greatest country in the world because in times of crisis Americans have always come together to sacrifice for the good of the country. I've always
The most often asked question during my client and advisor presentations the past four months has been "why is the stock market rallying so much with so many people out of work?" Ignoring the long-term impact on economic growth due to the ballooning debt obligations, the CARES Act has played
The stock market is capable of ignoring a lot of things. Since the economy began to re-open it has made a huge move higher. This is despite the fact the STRUCTURAL damage done by the economic shutdown has pushed the weak businesses and consumers over the ledge. This was bound
Party like it's 1999!
On paper 2019 is going down as the best year for the S&P 500 since 1997. The euphoria and confidence we are seeing at the end of the year feels quite similar to what we experienced at the end of the 1990s. It is