If you look at Part 1 and Part 2 of The Demographic Outlook: 2024 to 2054 CBO projections. The estimation of Net Immigration varies anywhere from 2.7 to 3.3 million to the US in 2024. In Part 1, of CBO’s current estimates, net immigration is larger than the agency estimated last year, by 0.7 million people in 2021, 1.4 million people in 2022, 1.9 million people in 2023, 2.1 million people in 2024, 1.5 million people in 2025, and 0.7 million people in...
Read More »Stock prices and bond yields during disinflationary, deflationary, and reflationary periods
Stock prices and bond yields during disinflationary, deflationary, and reflationary periods – by New Deal democrat This is an update of a post I wrote almost exactly 10 years ago. I’m doing this because of an important secular change I noticed that appears to have happened in the financial markets. Back when I first started delving into financial markets and economy 30 years ago, I noticed that, dating all the way back to the Great...
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