« Agent-Based Models and Loss Aversion in the UK Housing Market | Main | Paul Krugman: Trump and Pruitt, Making America Polluted Again »

Friday, August 25, 2017

The Market Is Behaving Much Like It Did in the Past

Tim Duy:

The Market Is Behaving Much Like It Did in the Past: The prevailing wisdom these days is that markets are behaving in inexplicable ways.
I have a different view. If the market means U.S. equities, the behavior since the Federal Reserve began this tightening cycle has been very consistent with the behavior of past cycles. It's not sure all that complicated -- it’s about consistent economic growth -- and I am pretty sure fighting it is a losing bet. ...Continued at Bloomberg Prophets...

    Posted by on Friday, August 25, 2017 at 11:03 AM in Economics, Monetary Policy | Permalink  Comments (7)


    Comments

    Feed You can follow this conversation by subscribing to the comment feed for this post.

    -->