The Big Picture
FEBRUARY 22, 2024
Going back to 1954, markets are always higher one year later – the only exception was 2007. Ask yourself this: Is 2024 more akin to 2007, or most other markets where new all-time highs were made? Check out the table above, via Warren Pies. He spoke with Batnick and Josh earlier this month.
The Big Picture
AUGUST 15, 2022
The S&P 500 topped out in early October 2007 and bottomed in March 2009. On a price-only basis, the index didn’t reach those 2007 highs again until March 2013: ( Wealth of Common Sense ). • Economic Innovation Group ). • Let’s look at the 2008 scenario as an example. Is Private Credit a Bubble, or Just a Little Frothy?
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The Big Picture
JANUARY 23, 2023
Unemployment is low, job openings are still high, and what looks salaries are still rising. ~~~ I have a very vivid recollection of massive firings during the 2007-09 financial crisis. Last, the Labor market remains very robust. As the chart above shows, Unemployment spiked to 10%, layoffs were ubiquitous. At least, not yet.
The Big Picture
MARCH 3, 2023
The first bear I experienced was utterly meaningless economically but still felt bad. My economic future was uncertain, but I felt confident I could make a go of it. From a purely economic perspective, these first few crashes were meaningless. I had zero dollars in the market and was deep in student loan debt.
The Big Picture
NOVEMBER 7, 2022
When the Economic Policy Institute analyzed this, they discovered: “Since the trough of the COVID-19 recession in the second quarter of 2020, overall prices in the NFC [non-financial corps] sector have risen at an annualized rate of 6.1%—a price growth that characterized the pre-pandemic business cycle of 2007–2019.
Calculated Risk
NOVEMBER 23, 2023
Here are five economic reasons to be thankful this Thanksgiving. in 2007 and has fallen to under 10% now., Hat Tip to Neil Irwin who started doing this years ago) 1) The Unemployment Rate is Below 4% The unemployment rate was at 3.9% in October. The unemployment rate is down from 14.7% The unemployment rate is up from 3.7%
Calculated Risk
NOVEMBER 24, 2022
Here are five economic reasons to be thankful this Thanksgiving. in 2007 and has fallen to under 10% now., Hat Tip to Neil Irwin who started doing this years ago) 1) The Unemployment Rate is Near 50 Year Low The unemployment rate was at 3.7% in October. The unemployment rate is down from 14.7% The unemployment rate is down from 4.6%
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