It is, after all, only common sense to realize that, but for the fact that economic life is a process of incessant internal change, the business cycle, as we know it, would not exist – Joseph A. Schumpeter Berlin, in the early morning of November 20th. In the official residence of the president of the Reichsbank, an eventful and lengthy career in German public service is finally drawing to a close. Just the day before, the public servant believed he was recovering from the flu and decided to resume work. He dictated a final letter to German Reich President Ebert, reiterating why he and his deputy found it impossible to step down from their positions.
There certainly seems to be some cognitive dissonance in the markets, with the strong belief in an ongoing equity rally along with bonds, along side weakening economic activity. after all, why would the Fed cut if the economy remains strong and can seemingly handle the current level of rates? it definitely feels like something is going to break pretty soon
There certainly seems to be some cognitive dissonance in the markets, with the strong belief in an ongoing equity rally along with bonds, along side weakening economic activity. after all, why would the Fed cut if the economy remains strong and can seemingly handle the current level of rates? it definitely feels like something is going to break pretty soon