Don’t be too quick to give the economy the all-clear signal
The U.S. stock market (SPX)(DJIA) is near all-time highs, the unemployment rate is near 50-year lows, the Federal Reserve reduced interest rates by 75 basis points in a three-month time period, and the yield curve has un-inverted. As a counter to the good news, tariff wars have constrained commerce, manufacturing activity, business investment and economic growth across the globe. Pro-democracy protests are racking countries from Hong Kong to Chile to Lebanon to Iran, which eventually will manifest itself in lost output.
Published:12/4/2019 9:58:19 AM