The Business Cycle is Broken

April 19, 2021 Companies have historically gone through a “business cycle” with periods of growth, contraction, stagnation, and so on. In the past, we’d have expansions and recessions, and authorities would generally stay out of the way to let nature take its course....

Like Social Security for Kids

April 12, 2021 In a sky-is-blue revelation, it turns out Americans who are eligible for $1,400 direct payments under the American Rescue Plan support direct government payments to individual Americans. When including the latest nearly $2 trillion stimulus plan, total...

Debt as Rocket Fuel

April 5, 2021 It seems the U.S. economy is set to take off. The Commerce Department reported in February that fourth quarter 2020 gross domestic product (GDP) rose 4.1 percent, which was stronger than anticipated. As a result, many forecasters are raising their growth...

Recovery Efforts Widen American Divide

March 22, 2021 We’ve discussed letter-based economic recovery patterns in the past. This is when a recovery path takes the form of a letter in graphical form. Currently we seem to be in a K-shaped recovery where the upward facing part of the “K” resembles mostly...

Panic, Euphoria, and Grandma’s Stock Picks

March 15, 2021 There is good news on the pandemic. Vaccinations are up. Cases are down, as are deaths. This brings hope for everyone. But for the stock market, it’s as if the pandemic never happened, save for a few weeks of plunging prices last spring. And now markets...