Economic Insights – June 2015

Over 75 months ago, the stock market began its recovery from the financial crisis. Since then, it has risen to new all-time highs, while the underlying economy experienced the slowest recovery on record.

Today, it’s estimated that 93 million Americans are still underemployed, with the labor force participation rate at the lowest level since 1978.

That has led many economists, money managers, and members of the general public to fret over the state of affairs and to fear that we’re entering a new recession at every sign of short-.....