Why has the stock market been so strong in recent years? One answer is that Corporate America has never been so profitable. The following graph depicts corporate profit margins since 1947, and you will note that the current reading of 13.2% is 80%...
Several of my recent posts discussed the K Economy in which those at the top of the income and wealth spectrum are thriving while a sizeable portion of the population struggles. While this dichotomy is most apparent in booming sales of luxury goods,...
A great deal has been written about the K economy in which those with assets such as homes and equities are faring well whereas families dependent on current wages are struggling. As detailed in my last blog, the rate of inflation has moderated...
The year 2025 is surprising many seers because we have enjoyed moderate economic growth despite all of the headwinds created by wars, tariffs, sticky inflation, uncertainty regarding immigration, and so on. However, lurking below the surface is an interesting phenomenon that is of...
After putting the trauma and volatility of the pandemic behind us, the economy has grown at a healthy 2.8% annual rate for the past four years. Many economists were surprised by this strength because they underestimated the strength of the consumer. Despite high...
Many economists believed the surge in interest rates in 2022 through 2024 would lead to a recession, and the current tug of war on tariffs is sparking renewed predictions of an imminent business downturn. The following chart depicts the Conference Board’s two primary...
