The weekly Market Update is posted at Alpha Baskets and includes the following;
The history of earnings recessions was that they lead to economic recessions but this did not happen (yet?). This is one of several supposed to’s in the aftermath of the crisis that did not pan out as people expected. Another one was maintaining a zero percent interest rate policy would cause extreme price inflation and obviously CPI has been floundering for years, the bigger risk to ZIRP arguably was deflation and luckily things didn’t play out that way either.
Please click through to read the entire update.
A couple of pictures of Klamath National Forest Water Tender 17 filling up at our station house during the Goodwin Fire.
Finally a type 6 from Timber Mesa Fire