The more things change, the more they stay the same. The world economy has slowed sharply, central banks are worried enough that easing is back on the agenda, yet U.S. stocks this week broke above their September high.
What gives? In a word, Goldilocks. The economy is warm enough that fears of an earnings-crushing recession have gone away, but cool enough that the Federal Reserve won’t raise rates any time soon.
Never Trump holds a vigil for a cloud that is dark to its core. The FED could raise rates a full point and save the day.
Still light years ahead of Obama Economy!!!
Cynicism?
Synicism
Since when was 3.2% GDP growth in the US 'meh'?
I'm afraid of a major correction coming.
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