Suspending Disbelief And Learning To Love A One Percent Economy |
| August 11, 2016 | August 2016 Bond Updates |
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The recovery from the 'great recession' has been the most sluggish in post-World War II economic history. This is vividly displayed in the nation’s recent GDP report. The Commerce Department estimated that the economy grew at a snail’s pace over the last three quarters: 0.9% in Q4, 0.8% in Q1, and 1.2% in Q2. Yet, all of the major U.S. stock market indexes trade near all-time highs. How can the economy be growing so slowly while equity prices grow so fast? |
| View more at: http://www.forbes.com/sites/greatspeculations/2016/08/10/suspending-disbelief-and-learning-to-love-a-one-percent-economy/ |
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