“Normal” – It’s the Opposite of What the Media Says
I hear it every day on the business channels or see it in the business media print: “The economy has to get back to normal.” But normal means different things to different constituencies. Wall Street and equity investors certainly don’t want to see the stock market behave normally, if indeed, normal means that PE ratios […]
The Economy from 50,000 Feet
A few friends have expressed the belief that interest rates have nowhere to go but up. This, of course, has been the mantra of the market for the past several years, and, perhaps, my friends have been listening too long to the talking heads on bubblevision. Here’s why it won’t happen: Today’s U.S. economy has […]