Fake Economics. One of the greatest myths in all of economics is the “Government Spending Multiplier” sometimes called the “Fiscal Multiplier.”
The Plentiful Job Market. Rising wages appear to be drawing more workers back into the labor force, with the number of people either working or looking for work up 162,000 per month in the past year, even as the US continues to face the demographic headwind of an aging Baby Boom generation.
The investment markets. It’s heartburn, not a heart attack. The odds of a recession happening anytime soon remain remote, we have it at 10% or less. And a recession is what it would take for us to expect a full-blown bear market. In other words, the current downdraft is just heartburn, not a heart attack.