Sunday, June 12, 2022

I dont believe in complicated reasoning


Suddenly, the stock exchange is crashing.  I wonder why. Bloomberg explains 

All of a sudden, the market’s back in “good-news-is-bad-news” mode. Any positive readings on the economy, particularly those on employment and inflation, can be interpreted as signals that the Federal Reserve will have to stay aggressive with its rate-hiking regime

The explanation is too complicated. I do not believe it is so. 


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