The facade of an economy

As the pandemic ravaged the economy, the Federal Reserve, White House and Congress built a facade economy around the ailing economy. In the long run, it is sustainable economic growth that supports asset prices, but in the short run, investors may continue to be mesmerized by the illusion of a booming economy. As a percentage…… Continue reading The facade of an economy

Gravity is the one thing stocks and bonds have in common 

Prior to 2000, when the Fed began cutting rates to save the markets, equities and treasury bond interest normally went in opposite directions. It wasn’t until around 2000 that stocks and treasury interest began to move in lockstep in the same direction. Source: Lance Roberts, Real Investment Advice  _________________________________ If the Fed simply ended its…… Continue reading Gravity is the one thing stocks and bonds have in common