Using 2020 Hindsight: The Emerging “New Normal” Picture
Using 2020 Hindsight: The Emerging “New Normal” Picture The year finally ended, and, as has been typical, the latest data continued to be downbeat. Despite the weak economic data, the equity market ended the year at all-time highs. The S&P 500, at 3,576 was up 10.5% for the year after falling 34% in the February/March […]
The Economy Slows; The Real “New Normal”
The virus’ resurgence has caused more business disruptions, raising the specter of a renewed economic slowdown. Spending and income numbers have mainly been negative in Q4, and the much hoped for stimulus relief package is now stuck on the president’s desk. The Economy “Drop in Spending, Higher Claims Cloud Outlook for Growth,” WSJ, 12/24/20, A1. […]