We have been here before — telling ourselves and our clients that things will soon return to normal.
After all, the economy, employment and consumption are all strong and soon enough the S&P 500 will surely come screaming back to the annualized average growth of 13% we have enjoyed since 2009. This collective feeling that everything will soon be better is occurring despite a Federal Reserve that is willing to crimp growth in order to fight still record-high inflation.
January 11, 2023
Categories:Media Appearances