The Financial Economic Situation Now
Published Friday, December 18, 2020 at: 7:30 PM EST
After closing at a new record high on Thursday, stock indexes declined fractionally today, as Congress struggled to meet a weekend deadline to write a law that would provide about $900 billion in additional federal relief to individuals and businesses suffering financially amid the deepening public health catastrophe.
The news has been grim. Daily death and hospitalization rates tragically broke records recently and millions of families are in financial jeopardy. At the same time, however, the broad economy is doing fine, and stocks have been breaking records due to a shift in the asset valuation paradigm, as the relative value of bonds has declined versus stocks.
- Expect Inflation To Make Investors Nervous Through 2021
- Stocks Closed At A Record, Ignoring A Bad Jobs Report
- Stocks Soared 5.2% In April; Now, For The Good News
- A Window Of Opportunity Is About To Close
- Retail Sales, Housing Starts, And Stocks Rocket Higher
- The Fed Is Not Braking The Boom Anytime Soon
- A Black Swan Event And Higher Taxes Persist As Financial Risks Amid The Boom
- What You Need To Know Right Now To Manage Your Wealth
- Economic Expectations Improved Almost Overnight
- Investors Beware: The Asset Valuation Paradigm Changed
- Fed Says It Will Stick To Its Plan, As Bond Yield Rises
- Amid Strong Crosscurrents, Stocks Sank 2.5% This Past Week
- A New Rover Landed On Mars And Stocks Closed Lower For The Week
- Ironically, Amazon Profits By Perpetuating Stock Bubble Myth
- Stocks Closed At A New Record High: Can The Party Last?
- Don’t Fall For It
- Housing Boomed Again In December
- The Bad And Good Financial News This Week
- Stocks Set New High Closing Price Amid Turbulence
- Stocks Gained +16% in 2020; Wall Street Expects +7.6% In 2021