Can We Trust Mr. Market's Booming Economic Outlook? – Investment Watch
The Fed’s Monetary Animal House, appearances can be deceiving. Most major stock indexes are up double-digit percentages year to date, implying significant economic growth and a booming outlook for businesses, workers, and households. Economic activity is well off the lows seen in April and May. The same data also suggests we are nowhere near the same level of activity seen pre-COVID. To quote New York Fed President John Williams, “ we are still in a profound recession”-12/2/2020. Is ...
Source: investmentwatchblog.com