The Catch-22 Of Economics
The reality, I think, is that the economy follows its own Catch-22: by taking prosperity for granted, people perversely subvert prosperity. The more we—business managers, investors, consumers—think that economic growth is guaranteed and that risk and uncertainty are receding, the more we act in ways that raise risk, magnify un-certainty and threaten economic growth. Prosperity destabilizes itself.
The whole article is a worthy read and covers many of the topics I've discussed here.
Friday: Employment Report (No!), ISM Services
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NOTE: The employment report will not be released due to the government
shutdown.
[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.co...
5 hours ago
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