Markets are indicating corporate profits will fall going forward. At 3.4% unemployment
massive deficits, 2.5% Fed Fund rate, huge net imports 9% inflation, an Inverted yield curve,
and all we have managed to grow the real economy since 2019 are a measly $500 billion
(inflation-adjusted.) If we can't grow the economy now when will we?
As you can see we are experiencing Euphoria right now in the Stocks. Flat corporate profits with rising stock prices. History tells us correction is coming in stock prices. What history doe not tell us, is how long Euphoria will last. I would not dare contest anyone who argues that history is a bad data since we QE did not exist back then. In fact, I would applaud...
