If you ever think you just can’t win, I know how you feel. I’m labeled both a doomsayer and a Pollyanna—sometimes in reaction to the same letter.
In fact, I am neither. I used to be the “muddle-through” guy who acknowledged difficulty but expected eventual success. Recently I modified that to “stumble-through,” acknowledging today’s more intense challenges. Earlier this month, I said we are entering a Depression-like period for much of the economy. But I still think we’ll make it through.
Financial markets are strong in part due to confidence we will have effective COVID-19 treatments and/or vaccines soon.Read More »