The roaring job market puts “boom inflation” back on the investor map

The roaring job market puts “boom inflation” back on the investor map

Instead, concern has shifted to what a booming labor market and rising costs for everything means for stocks and bond portfolios, particularly if it morphs into a resilient mix of higher growth and inflation. How to call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, indicating that annual wage … Read more

It’s worse than anyone wants to admit

It’s worse than anyone wants to admit

Comment Yesterday’s news was entirely consumed in the throes of another change of definition. What everyone understood as what it means to be in a recession was suddenly changed by the government’s edict. It is not a recession, they say. Everything is going great, they say, unless you are among the troglodytes who crave energy, … Read more

Trump warns that something worse than recession is coming

Trump warns that something worse than recession is coming

Former President Donald Trump has warned that the US economy is on track for a disaster bigger than a recession, with his remarks coming just before government statistics showed negative GDP for the second consecutive quarter, which is a practical definition for a recession. “Where we’re going now might be a bad place,” Trump said … Read more