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Green Book January 2020

A New Year, Or A Blast From The Past?

It was during the very first days of the great 2019 market rally that we noted its similarities to the bubbliest of all the bubble years—1999.

Wow. We had it in our hands and frittered it away.

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Bank Lending (1) Wealth Effect (9) Resession (1) Dollar (55) Inflation (584) Time Cycles (6) Oil (48) Breakeven Rate (1) Value (130) Treasuries (79) Long T-Bonds (24) Active vs. Passive (17) Yield Curve (85) Economy (282) Federal Spending (2) Stock Market Performance (1) Federal Debt/Deficit (194) Fed Policy (173) Federal Outlays (1) Stimulus (4)