Joe CarsonMay 22, 2020Something's Wrong: A Debt-Financed RecessionThe Fed’s debt-bridge policy is designed to improve the flow of credit to businesses to avoid a devastating credit crunch. Never before...
Joe CarsonMay 18, 2020Macro Equity Valuations Highlight A Poor Risk-Reward Ratio & Decade of Anemic Returns Ahead Macro measures of equity market valuations offer investors a fundamental assessment of the risk-reward ratio in investing at various...
Joe CarsonMay 13, 2020Uh-Oh! Record Drop In Taxes Signal Deep Consumer Recession In April, federal withheld income tax collections posted a record drop from year-ago levels. The scale of the decline indicates that the...
Joe CarsonMay 10, 2020Crisis & 2020 Election: Investors Should Brace For An Earthquake of Change Crisis often produces a dramatic and unpredictable change in economics, finance, and politics. If history is a guide investors should...
Joe CarsonMay 6, 2020Record Plunge In Service Sector "Business Activity" Points To Profits Crash The Institute of Supply Management’s April Survey of the non-manufacturing sector (i.e., service industries) showed a record plunge in...
Joe CarsonMay 5, 2020Is Federalism Dead?America’s system of shared governance between the federal and state governments is under attack. Congress is resisting calls from the...