This recovery is different from the previous ones:
1. For most job seekers, it is still a recession. If you lose a job, it is a depression. No matter how the government dresses up the employment picture for election, employment is still not promising.
2. Corporate profits are good after the bare bone cuts. They need to spend to ensure future earnings.
3. Interest rate drives up money supply.
4. We've inflation for most commodities but deflation for housing.
I do not want to ignore the chance of a W-shaped recession even the market is doing great lately.
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