Atlas’s Renaissance

Spinning Bad News as Goods News

March 24, 2008 · Leave a Comment

Last year: Bad economic news was a net positive for the markets because it increased the likelihood of a rate cut.

This year: Bad economic news is a net positive for the markets because it decreases the likelihood of rate cuts leading to inflation.

Next year: Bad economic news is a net positive for the markets because it increases the likelihood that we’ve reached a bottom.

 

Categories: Finance
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