Crisis

Recession Watch: We’re Back in One

The Fed has now kept interest rates at zero for 81 months. This is the longest period in the history of the Fed’s existence, lasting longer than even the 1938-1942 period of ZIRP. And the US

Crisis

The Market Has Run Out of Props

The stock market is rapidly running out of props. First off, corporate sales and profits are rolling over. As Charlie Bilello recently noted, we’ve had two straight quarters of Year over Years