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Russell 2000

Stockman Slams "Bubble Finance And The Era of No-See-Um Recessions"

Stockman Slams "Bubble Finance And The Era of No-See-Um Recessions"

Authored by David Stockman via Contra Corner blog,

Today's single most dangerous Wall Street meme is that there is no risk of a stock market crash because there is no recession in sight. But that proposition is dead wrong because it's a relic of your grandfather's economy. That is, a reasonably functioning capitalist order in which the stock market priced-out company earnings and the underlying macroeconomic substrate from which they arose.

The Seven Questions Goldman's Clients Have About "Rational Exuberance"

The Seven Questions Goldman's Clients Have About "Rational Exuberance"

In mid-November, just days after Barclays released its 2018 equity outlook with the title "Rational Exuberance"...

... Goldman's David Kostin decided that imitation was the sincerest form of unveiling a non-contrarian year-end forecast, and in presenting his revised S&P price target for 2018 of 2,850 - which accounts for GOP tax reform - "borrowed" the Barclays title for his own year ahead preview...

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