It’s Not Coming

By |2014-07-21T16:13:37-04:00July 21st, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

Entrenched narratives die extremely hard, with all due respect to John McClane’s [Bruce Willis] aging franchise, and I cannot remember something so cemented as the recovery idea this year. That is really saying something considering that each and every New Year’s Day after the trough of the Great Recession has brought out the same exact sentiment, year after year like [...]