The Decade Long Path Ahead To Recovery- Part 1 Debt
It will take years for the economy to recover back to pre-COVID levels. Quite simply the stimulus used to cushion the blow today will hinder growth tomorrow.
It will take years for the economy to recover back to pre-COVID levels. Quite simply the stimulus used to cushion the blow today will hinder growth tomorrow.
If you haven't heard of Modern Monetary Theory, or "MMT," you will soon. If you recently lost your job due to the economic shutdown, and received a stimulus check, you are already a beneficiary of it.
In March, it appeared as if the bubble had finally popped. However, the Fed's quick response and massive monetary interventions ceased the asset bubble's deflation and reinflated it.
Here is what you might have missed from the RIA Crew last week. A compilation of our best blogs, newsletter, podcasts, the daily radio show and commentary from RIAPRO.NET.
Each dollar of debt drives less growth than the prior dollar of debt, thus requiring even more debt. This article explores Yield Curve Control (YCC), a policy tool at the Fed’s disposal to keep digging even deeper into the hole.
A review the bull case seemingiy built on "Unicorns" and "Rainbows," contradicts a more bearish fundamental backdrop. While bearish longer-term, we are "fully invested bears."
Is it 1999 or 2007? Retail investors flood the market as speculation grows rampant with a palpable exuberance and belief of no downside risk. What could go wrong?
Here is what you might have missed from the RIA Crew last week. A compilation of our best blogs, newsletter, podcasts, the daily radio show and commentary from RIAPRO.NET.
Retail sales surged in May but manufacturing is another story. The Fed's Industrial Production and Capacity Utilization puts a big negative spotlight on the emerging V-shaped recovery thesis.