That was a sign held aloft by a panhandler in one or more New Yorker cartoons. If you remember it, you’re of a certain age, right?
Well, I don’t know if we are indeed sliding into another recession or not, but, if you pay attention to the media, you would think so, but maybe it’s just that the end is near.
What end? Well, it could be the end of the trouble; maybe the businesses in the U.S. that are reserving some $2 trillion of cash will begin to spend it and it will be the end of trouble. Maybe. Or maybe it will be the end of the stock market and we will all be out of work. Do you think so?
Think about this: Usually, things look the darkest and bleakest just before a raging bull market starts to roar. Can I guarantee that the bull will begin? Of course not, but I can hope.
There’s no accounting for the federales—Congress and the President dance around each other without accomplishing much. But the stock market and the government are not the same thing, are they?