Stocks rallied during the first half of 2014 even as the economy contracted and employment struggled. The selling could start just as things get better for real.
The decline in nominal GDP portends another recession.
Eric Cantor’s loss may have shaken investors, but the today’s sell off in stocks is more likely a reaction to the World Bank’s downward revision to global growth.
GDP almost fell during the first quarter as the economy trades good jobs for bad ones.
Stocks got a big boost from the Fed and share buybacks in 2013. 2014 is off to a poor start. With the birth rate declining, the longer-term trend for the economy doesn’t look good.
According to a recent poll, most CFA Institute members expect the Fed to continue or increase QE.
Just got back from Texas, where taxes are low and the speed limit is high.
The Fed blew a layup. Now it looks dazed and confused.
Spending on national defense has been falling steadily for years.