Lance Roberts, Chief Strategist at RIA Advisors has the "Tweet of the Day" 

Too Fast, Too Furious

Buy the Unknown the Unwanted, the Unloved

Small Cap Valuations Through the Roof

Agree with Bianco on that.

Marijuana Legalization Coming?

My answer: Yes, if Biden wins, and perhaps anyway.

China-US Trade Souring

Reflections on Liquidity

Pent-Up Spending Coming

For how long no one knows, and that is what matters. 

I suspect something like a W- or square-root-shaped recovery with weak uptrends following that deep second-quarter decline.

Grim Economic Data


  1. May 8: Over 20 Million Jobs Lost As Unemployment Rises Most In History
  2. May 15: Retail Sales Plunge Way More Than Expected
  3. May 15: Industrial Production Declines Most in 101 Years
  4. May 30: GDPNow Forecast is Negative 51.2 Percent
  5. June 3: Bad Economic Reports? Yes, But They Were Supposed to Be Bad

Ripple Impacts

For a detailed synopsis of the state of the economy and the ripple impacts, please see The Economy Will Not Soon Return to Normal: Here's Why.

Global COVID-19 Risk Ranges Up to $82 Trillion

To understand the total global risk, please see Global COVID-19 Risk Ranges Up to $82 Trillion

GDP Projections Before and After Covid-19

GDP Projections Before and After Covid-19 Mish

I added that red line and expect a shape something like that. 


In addition to depleted savings and an expected huge change in attitudes on risk, presidents prefer to have a recession or weakness in the first two years of their term, not their 4th year.

The US is in recession now. After a weak rebound, it is not at all far-fetched to believe there could be another shorter double-dip coming.

Regardless, I believe the CBO projections in the above chart are optimistic for the reasons stated. 

For discussion, please see CBO Estimates it will Take 10 Years Just to Get Back to Even.


Coronavirus Deaths: How Badly Undercounted Are They?

Official counts of coronavirus deaths are certainly understated. But by how much?

If You Can't Hit the Target, Do You Move It Further Away?

Some Fed presidents want higher inflation targets. About 84% of economists think the Fed should stick with a 2% target.

Passive Investing Madness: 50,000 Stocks vs 3.7 Million Indexes

There are 3.7 million ways you buy stocks and bonds without owning a single issue outright.

Happy New Year Wherever You Are

New Year's celebrations were cancelled or subdued in many location. But there were great celebrations in some places, especially down under.

Stocks More Overvalued Now Than 2000 and 2007 No Matter How You Look at Things

Overvalued No Matter How You Look. Currently, stocks are extremely overvalued by multiple methods.

How Much Recession Warning Did You Expect?

How often have you heard the stock market looks a year ahead of a recession?

Reader "Worried about Inflation, Deflation, Stocks, Bonds, Gold, Everything"

A recently retired reader friend is worried about, inflation, deflation, bonds, stocks, banks, and gold.

LeBron James Equality Shoes: Are You a Fan of his Message?

LeBron James sports a pair of specially-made "Equality Shoes". What do you think of his message?