Part I: The Short-Term Outlook – A Strong and Accelerating Economy
Those who read our blogs know that over the past 6 months or so, we have turned positive on the underlying private sector of the U.S. economy. We have had comments from several readers about this apparent change of heart, some of them almost in disbelief. So, let us dispel any doubts. There is a […]
Part II: The Long-Term Outlook – Even a Strong Economy Doesn’t Change the Ultimate Outcome
If you’ve read Part I of this year end outlook, you know that it is our view that the underlying private sector is healthy and, except for the fact that the real rate of inflation is much faster than the ‘official’ rate, we could well have a short period of prosperity. Unfortunately, our long-term outlook […]