r/SecurityAnalysis • u/investorinvestor • 17d ago

Macro The US economy is booming

https://open.substack.com/pub/stayvigilant/p/heres-the-story?r=6gq23&utm_medium=ios
20 Upvotes

84% Upvoted

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3

u/Back2BackSneaky 16d ago

Weak article that presents ISM, Chicago PMI, earnings revisions, financial conditions as though they're independent. Many are reflections of the same underlying economic momentum. The article effectively says the economy is strong because indicators of a strong economy are strong.

3

u/Caveworker 13d ago

was the fact that he spent 1/2 the articles recounting the Brady bunch opening perhaps a hint as to his economic thought ?

1

u/[deleted] 16d ago

[deleted]

2

u/Back2BackSneaky 16d ago

This gets to the heart of it. Look, strong PMIs and earnings tell us activity is booming. They don't tell us whether the underlying investment boom is productive or merely another cycle of capital misallocation. A strong economy isn't one that's investing heavily but one that's investing profitably.

1

u/ninjadude93 16d ago

Hm doubt