How to Find Bear Market Territory

Since 1928, based on the S&P 500, there have been 26 stock market declines that we call bear markets. But they were especially frequent during the 1930s: The bad news is that recessions tend to accompany bear markets. However, on…

Why We Should Try Not To Expect Inflation

Whether looking at 2022 or 1979, we would see that our inflation expectations can become a self-fulfilling prophecy.

When Did We Get “Tough Love” From the Federal Reserve?

Demonstrating Russia’s current plight, this graph so perfectly illustrates stagflation: When GDP sinks and inflation increases, the stagflation that results is tough to cure. If monetary authorities target inflation with tight monetary policy, then interest rates go up and further…