Our Steroid Pumped Economy
Birds are singing, the sun is shining and life is beautiful again. On the surface, the vital signs of our economy are improving with every economic report. In some areas, like unemployment, the rate of decline is decelerating; in others, like GDP, decline is turning into growth. The stock market is behaving as if the history of the last twenty years is about to repeat itself: recession will turn into a robust expansion. Stock prices are discounting an expectation of robust earnings recovery to a level only slightly below the pre-financial crisis level, and risk taking is in vogue again...
Original Article: Forum: News/Activism
Tags: Birds, Crisis Level, Decline, Earnings, Economic Report, Economy, Expectation, Financial Crisis, Gdp, Life Is Beautiful, Recession, risk taking, Robust Expansion, Steroid, Stock Market, Stock Prices, Twenty Years, Unemployment, Vital Signs, Vogue