“Inflation is always a monetary phenomenon that occurs by a rapid increase in the quantity of money.” —Milton Friedman (Nobel Prize Recipient) Inflation averaged 3.2% since 1914; today it sits anchored at .2%. There have been episodes of high inflation rates over the past half-century stemming from excess liquidity. Money supply growth (blue line) hasread more A $10 Trillion Rescue Package: Will it Ignite Inflation?
“I am very cautious about going against the herd; I am liable to be trampled on.” —George Soros Has the stock market’s behavior been a resounding clarion call to anyone open to listening? Real investors, the intrepid souls with skin-in-the-game who are willing to take the risk, have been justly rewarded. Chicken Little is a storyread more ???? V-Shaped Recovery ↔ The Sky is Falling ????
The coronavirus has brought illness, death, unemployment, hardship, uncertainty, and a widespread recession. According to the IMF’s World Economic Outlook, global economic production of all goods and services is forecast to decline by 4.9% in 2020, gutting production by a whopping $4 trillion. For comparison, the size of this downturn is greater than Germany’s totalread more -4.9% Global GDP 2020 Forecast
This year has been highly irregular because of coronavirus. The world has been hit with a pandemic that has shocked our way of life and astounded all. Job losses, business closures, empty office buildings, disrupted travel plans, modified dining habits, hotels, and lodging vacancies, have ripped the seams of our accustomed social fabric. It’s unsettling.read more 2020 Covid-19 → Leaders & Laggards
There have been 9,262 positive cases of coronavirus in Palm Beach County. 50% of all infected persons were between the ages of 15 to 54. 451 people have died from the disease locally, of those inflicted 94% were ages 55 and over. 85% of those that died were over 65. The largest group of deathsread more Palm Beach County ►Covid19 Update