If you look at the basic American economic model, you know consumption is almost the entire ball game. [i]
It’s hard to believe that in such a partisan environment our government did something right, but it appears to me the CARES Act might be that one thing. I’m… More >>
Did we just emerge from the deepest recession since the Great Depression? The definition as to what marks the official end of a recession is a bit murky but, there are two prevailing theories: One is a return to GDP growth after a period of contraction. The other is a… More >>
Part of our work as advisors is to constantly question our assumptions, biases, and beliefs. Beyond the first principals of investing that are clearly grounded in our practice, we form views around macroeconomic outcomes.
Simply stated, our current views are:
Economic… More >>
On Friday, President Trump declared the U.S. economy is on a “rocket ship recovery,” implying the economy will snap right back after posting an impressive recovery in jobs on Friday. Consensus expectations were for the U.S. economy to shed another 7.5 million jobs but,… More >>
No one knows how the economy will recover and what sectors will make a full or partial comeback but, a lot can be learned from the China experience. Their overall economy has recovered to over 90% of capacity. [i]
When looking at some of the areas still lagging… More >>