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How Prepared Are US Consumers For a Recession?
Brandolini’s law states: The amount of energy needed to refute bullshit is an order of magnitude bigger than the amount needed to produce it. Carlson’s law of finance is similar: The amount of energy needed to refute bad news is an order of magnitude bigger than the amount needed to produce it. It’s much easier to take bad news at face value than good news. People are skeptical of good news these days. They only want to see potential downsides in the markets and economy. I get it. People have been predicting a recession for a long time and it hasn’t happened. Everyone hates high inflation. A year and a half ... (full story)
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- Posted: Oct 1, 2023 5:56pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,374
