More From RenMac
RenMac: Deficit Risks in a Full-Employment Fiscal Expansion Phase
What matters for stocks going forward is if earnings are growing faster than nominal rates. That’s happening. So, we still think the outlook for stocks is positive, albeit not as positive as it was when rates were low.
Bitcoin Is Broken as a Medium of Exchange
It is ironic that CBOE will launch futures on bitcoin (the currency) on Sunday of the very week that bitcoin (the blockchain) demonstrated how clearly it is broken.
RenMac Economic Daily: Factory Employment Takes Off
Private non-farm payroll employment rose 190,000 in November following a gain of 235,000 in October.
RenMac: Bitcoin Is No Better than Bearer Bonds
If bitcoin is to be more than a bandwagon, it has to have utility as a medium of exchange or store of value.