Institutional Economics

Institutional Economics

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Institutional Economics
Institutional Economics
Recession delayed is recession denied: fundamentals of the most hated US equity rally in history

Recession delayed is recession denied: fundamentals of the most hated US equity rally in history

Plus, Meta’s Threads is a win for federalism

Stephen Kirchner
Jul 06, 2023
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Institutional Economics
Institutional Economics
Recession delayed is recession denied: fundamentals of the most hated US equity rally in history
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Half-way through the year and the run of US data continues to hold-up remarkably well to the Fed’s tightening cycle, consistent with our contrarian take on the turn of the year consensus that favoure…

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