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Chris Recker discusses the decline in S&P 500 free cash flow, investment in AI, and the expectations underlying stock prices. Recorded 12/6/2024.
Chris Recker discusses potential market and economic outcomes in 2024, and how markets have reacted to rate cuts in the past. Recorded 1/19/2024.
Fiscal and monetary policy has effectively sacrificed the economy for the stock market's benefit. In the past, similar asset bubbles have resulted in “dead money."
The economy is witnessing an unholy trinity of false ideas, weakened institutions, and malign interests converging to stymie its long-term health and resilience.
Today, the U.S. has an asset bubble comparable to Japan’s in 1989-1990, and so how Japan navigated an exit from their bubble can yield stylized insights on what might be in store for the U.S.
The West will face some difficult truths as it confronts this health, economic, energy and financial crisis. We will emerge as a stronger, more self-sufficient and humane civilization.
By many measures the U.S. stock market is in a bubble. Valuations need to be justified by growth. Markets have diverged from fundamentals based on current and future expected performance.
