Independent thinking for complex markets and current events
Eric Basmajian, economist and founder of EPB Research, breaks down the hidden cracks in the U.S. labor market, the return of tariffs, wage stagnation, and the Fed’s precarious monetary stance amid growing recession risks.
Prior to the 1990s, stock prices would decline before drops in earnings. At times, stock prices would anticipate a decline in earnings that would not materialize. But prices would generally lead earnings which slightly led the economy. pic.twitter.com/UcabAxQr6F — Eric Basmajian (@EPBResearch) January 14, 2025 Even in the mid-cycle slowdown of 2016, earnings declined for …