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.
Tuesday: U.S. Election, Trade Deficit, ISM Services
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[image: Mortgage Rates] From Matthew Graham at Mortgage News Daily: Mortgage
Rates Start Week Slightly Lower as Election Volatility Works Both Ways
Love it...
7 hours ago
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