Deprecated: Return type of WPSmushRecursiveFilterIterator::accept() should either be compatible with FilterIterator::accept(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/bestsoca/public_html/marketmakeredge.com/wp-content/plugins/wp-smush-pro/core/modules/class-wp-smush-dir.php on line 1175
Deprecated: preg_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-includes/kses.php on line 1744
Deprecated: preg_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-includes/kses.php on line 1744
Deprecated: preg_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-includes/kses.php on line 1744
Deprecated: Creation of dynamic property ReduxFramework::$old_opt_name is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/framework.php on line 236
Deprecated: Creation of dynamic property ReduxFramework_extension_vendor_support::$extension_dir is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/extensions/vendor_support/extension_vendor_support.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_extension_vendor_support::$extension_url is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/extensions/vendor_support/extension_vendor_support.php on line 55
Deprecated: Creation of dynamic property ReduxFramework_extension_ad_remove::$field_name is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/extensions/ad_remove/extension_ad_remove.php on line 88
Deprecated: Creation of dynamic property ReduxFramework_Extension_options_object::$field_name is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/extensions/options_object/extension_options_object.php on line 62
Deprecated: Creation of dynamic property ReduxFramework_extension_import_export::$field_name is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/extensions/import_export/extension_import_export.php on line 62
Deprecated: Creation of dynamic property ReduxFramework_extension_customizer::$upload_dir is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/extensions/customizer/extension_customizer.php on line 62
Deprecated: Creation of dynamic property ReduxFramework::$transients is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/framework.php on line 2541
Deprecated: Creation of dynamic property ReduxFramework::$transients_check is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/framework.php on line 2542
Deprecated: Creation of dynamic property ReduxFramework::$apiHasRun is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/class.redux_api.php on line 118 BAML Warns “If The US Economy Does Not Significantly Accelerate Now, It Never Will” – Market Maker Edge Trading in Multiple Markets Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework::$googleArray is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 1096
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53
Deprecated: Creation of dynamic property ReduxFramework_typography::$parent is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 51
Deprecated: Creation of dynamic property ReduxFramework_typography::$field is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 52
Deprecated: Creation of dynamic property ReduxFramework_typography::$value is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-content/themes/salient/nectar/redux-framework/ReduxCore/inc/fields/typography/field_typography.php on line 53 Skip to main content
Deprecated: preg_replace(): Passing null to parameter #3 ($subject) of type array|string is deprecated in /home/bestsoca/public_html/marketmakeredge.com/wp-includes/kses.php on line 1744
>
Significant monetary stimulus, the end of fiscal austerity, a booming housing market, a cheap dollar, record corporate cash balances… BofAML warns – if the US economy does not significantly accelerate in coming quarters, it never will.
Crucially, they note, asset prices will not do as well in the next 5 years, no matter what the “nouveau bulls” say. Central banks will be less generous, corporations less selfish. And when excess liquidity is removed it will get “CRASHy” as we discussed previously. In the meantime, five years after Lehman, Wall Street has soared, but Main Street has soured.
After Lehman…
An unprecedented financial and economic crisis, crystallized by the September 15th 2008 bankruptcy of Lehman Brothers, was followed by an unprecedented monetary policy response, which in turn has been followed by unprecedented bull markets in bonds, stocks and now real estate. Wall Street has soared, but Main Street has soured. The exceptional “sweet spot” engendered by generous central banks and selfish corporations has been great for owners of capital, but bad for labor.
Wall Street vs Main Street
The “race to reflate” in the developed world and faltering Chinese macro leadership dictated the winners & losers of the past 5 years: Gold, High Yield, EM debt & Asian equities have been big winners; Commodities, Government Bonds & Japanese equities have been the big losers.
QE was the prime driver of the ‘09 trough in stocks & the ‘11 trough in real estate, and liquidity withdrawal has driven the jump in global interest rates in 2013. A further rapid, jump in rates would destabilize asset markets, but this threat remains low in coming quarters. The 100 basis point summer surge in the 30-year Treasury yield has tethered the S&P500 index to a tight 1600-1700 range and traumatized many fixed income & emerging markets.
We previously discussed BofAML’s CRASH meme here – Conflict (policy, military), Rates (liquidity), Asia, Speculation (forced selling) and Housing are all potential catalysts for a much more contagious autumn market event – it is well worth a reminder.