BIBL News and Press, Inspire 100 From 01/05/21

Key indicators tracked by the NBER Business Cycle Dating Committee continue to show mixed behavior. Monthly GDP declined in November, joining personal income ex.-transfers in its decline. The Bloomberg consensus for nonfarm payroll employment for December is for an increase of onl...

With the exception of broadly defined commodities and US and foreign property shares, global markets posted solid gains last year. US stocks were the top 2020 performers, with the Russell 3000 Index surging 20.9% last year. US REITs saw the deepest loss for the major asset classes...

The President-elect has mentioned countless themes that will call for additional Treasury bonds to be issued. The cost in interest, alone, will be significant. The yields on America's sovereign debt will not go unnoticed, and the push will be on for the Fed to lower our interest rates...

With the US stock market nearer a probable peak than a bottom, I sense an oncoming peak followed by a meaningful decline. The first sign is the public's wish for a better year than the last, often expressed as a bigger gain in the US stock market. There is no doubt we are experien...

Despite 10 years of a bull market advance, one of the prevailing myths that seemingly will not die is that of "cash on the sidelines." The ongoing belief is that at any moment, investors are suddenly going to empty bank accounts and pour them into the markets. However, the reality is ...

The week ahead is all about COVID, the Georgia Senate runoff races, and possibly a negative nonfarm payroll reading. The main economic data event of the week will be the December nonfarm payroll report. A Brexit deal was concluded on Christmas Eve and is moving rapidly through the...

The US can learn from Venezuela’s mistakes that made a rich country poor while artificially inflating its stock market. Japan is leading the way into uncharted economic waters, poking the bear. The US should not follow too closely. China is nipping at US heels on a path to ...

The five innovation platforms that we believe will transform the global economy are: DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain technology. In our view, any company not investing aggressively in one or more of five major innovation platforms and ...

There are certainly many similarities between today and 1999. From exceedingly high valuations to a rush by private equity investors to IPO overly priced companies as quickly as possible, prices are high. The repeated rounds of liquidity, interventions, and accommodative policies have...

New jobless claims declined this week, but are still significantly above their recent pandemic lows, while continuing claims, seasonally adjusted, made a new pandemic low. The downward trend in claims has clearly ended for now, although whether the current trend is sideways or upward ...