Jul
4
Bud Conrad is not sanguine:
We avoided an official recession despite negative 2% to 3% tax growth. The Treasury and the deficits were pumping money into the economy in 2023. It now looks like no problem in Tax receipts, but I just don't believe that things are clear sailing. Wars, Debts, Foreigners cashing in Treasuries from their trade surpluses (our Trade deficit), Stock market toppy concentration in the Tech winners. Incompetent politicians. I think things are worse than I think they are.
Steve Ellison keeps the wall of worry updated:
Updated! Now 53 years of convincing reasons why the stock market should go down, superimposed over the 48x increase in the S&P 500 during the same time period (logarithmic scale). 2023: Nearly everybody expected a recession. That reason is added, along with the S&P's 24% increase.
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