The Recession No One Will Discuss

As Equity Investors Rush to Exit Employment – Weaker than the Narrative The markets yawned at April’s headline Payroll Survey number (+428K) despite the media’s characterization of the report as “strong.”  That’s because, upon further analysis, the most charitable description would be, in our view, “mixed.”  In fact, “worrisome” would be our best characterization.   Here’s […]