Forget the Stimulus

July 24, 2020 Our policy makers in Washington are talking about another stimulus bill of $1.0-3.0 trillion.  But the economy does not need the help.   Every economic indicator has rebounded vigorously.  Third quarter GDP growth should be roughly the same magnitude as...

The Recession is Over

June 19, 2020 The National Bureau of Economic Research has already indicated that the record breaking, 128-month expansion ended in February.  This means that the economy entered a recession in March, continued in recession in April, but returned to growth mode in...