The Old Boss, Not the Same as the New Boss
“85% of economists were predicting a recession last year. I was one of them. I felt uncomfortable being in the consensus, and it turns out being uncomfortable being in the consensus was actually the right feeling.” – John Mauldin, Mauldin Economics “Heading into 2024, we want to own stocks, not because the FRB may cut rates or because inflation is heading lower. We want to own stocks because we are in a bull market and in a bull market that is what you do, you own stocks.” – Birinyi Associates, Inc. “We would expect an institutional crises to become pronounced over this next year, even absent a disruptive major war, as routine political rage might materialize into something deeper.” – Geopolitical Futures It is difficult to not feel a bit smug when the many predictions of early 2023 fell flat on their face. The call for recessions, market declines and [...]