Recession’s End Doesn’t Mean the Stock Market Is Out of the Woods

Jobless claims and continuing claims have peaked. Housing has bottomed. Auto sales are turning up. The alphabets (ISM, LEI, NAPM, MBA purchases, ICSC retail sales, etc.) are improving. The recession has bottomed. Hurrah. Now what? Historically, the past recessions since WW II had textbook stock recoveries. The recession ends and stocks rally as the economy […]

A Better Solution to the Debt Crisis

It is widely acknowledged that the crux of the economic crisis in the U.S. is too much consumer debt.  The attached chart shows how that debt ballooned over the past decade. If the government is going to put the country into $6 trillion of additional debt, at least they should aim it at the crux […]