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Commentaries — March 20, 2007

Can The Stock Market Balance The Budget? During the recent period of increased market volatility, we have been arguing the U.S. equity market is the center of the financial universe. Its movements drive other markets. With some new income data, we can vividly see that the fortunes of the stock market drive the federal surplus/deficit… Continue reading Untitled

Open Can The Stock Market Balance The Budget?
During the recent period of increased market volatility, we have been arguing the U.S. equity market is the center of the financial universe. Its movements drive other markets. With some new income data, we can vividly see that the fortunes of the stock market drive the federal surplus/deficit as well.