Posts filed under “Cycles”
The preoccupation with all of the things that could possibly go wrong has been a persistent characteristic of this economic recovery. It was termed recession porn in 2009. It has been a focus of websites, pundits and, of course, goldbugs. When an economist picks up the nickname “Dr. Doom,” it suggests an obsession with the negative.
Recession porn was perhaps best parodied in the following tweet:
zerohedge once again pissed that asteroid avoided colliding with earth. $SPY
— Urban Carmel (@ukarlewitz) September 15, 2010
It was a wry reference to the Armageddon cheerleading that would make gold, canned goods and any small-weapons caches much more valuable.
Simon Cox, Asia Pacific investment strategist at BNY Mellon Investment Management, looks at the global economy and asks a verydifferent question: What if everything started to go right in the world economy . . . ?
Continues here: What Might Go Right in the Economy
My Sunday Washington Post Business Section column is out. This morning, we look at why the economic recovery is so unevenly distributed. The print version had the full headline Not everyone is feeling the economic recovery while online the headline was Are you not feeling the economic recovery? This could be why. Here’s an excerpt:…Read More
Crisis Chronicles: The Man on the Twenty-Dollar Bill and the Panic of 1837 Thomas Klitgaard and James Narron Liberty Street Economics, MAY 08, 2015 President Andrew Jackson was a “hard money” man. He saw specie—that is, gold and silver—as real money, and considered paper money a suspicious store of value fabricated by corrupt…Read More
When discussing bull and bear markets, it sometimes helps to think of them as coming in two distinct flavors: Short-term cyclical markets and long-term secular ones. Knowing one from the other isn’t always easy. A number of veteran market observers such as Raymond James’s Jeffrey Saut, technician Ralph Acampora, strategist Laszlo Birinyi and market historians…Read More