At some point, the thing actually has to happen. You can only keep talking about the thing for so long before people start to get wise. And most people, especially those in the public who understandably don’t following the thing closely, or the things related to it, are incredibly patient. Time and time again, they prove willing to give experts, officials, anyone with the “right” pedigree substantial leeway.
It’s temporary, dare I write “transitory” though.
In 2018, we kept hearing about the economic boom and the inflation it would throw off. That was actually backward in a sense, not that it would matter since it never happened – the inflation afterward would’ve confirmed the boom was real. Actual recovery and then some. Read more…..
Chart of the Day
Nouriel Roubini, professor of economics at New York University’s Stern School of Business, CEO of Roubini Macro Associates, LLC discusses the economy, the election, the challenges with bi-partisan government, the wealth gap and more.