10.23.23 Can Something Good Come From a Crisis?
Despite headwinds, the U.S. could experience structural changes in the labor market, residential real estate, and inflation as the post-pandemic economy progresses into the New Year. As markets adjust to a new regime, investors should recognize the economy is becoming less interest rate sensitive and they should focus on leading indicators such as the ratio of part-time workers and not on lagging metrics such as the headline growth stats mostly cited in the media.
Setting up for a ‘Eucatastrophe’
J.R.R. Tolkien, author of the Lord of the Rings and famous member of The Inklings at Oxford University during the 194
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