Each economic report and stock market wiggle now generates hopeful discussions about 2023’s outlook – like falling inflation, soft economy landing, Fed interest rate pivot and consumer spending strength. The hope is that the risks being tossed about (stagflation, recession, much higher interest rates and consumer spending pullback) will be avoided. However,…
… the risks discussed exclude worse risks whose probabilities have increased
These other risks are rare, but they are here now. They result from the abnormal investor behavior (both individuals and institutions) that has led up to the current combination of economy and financial issues. While the economy and financial situation are today’s focus, the adverse investor actions are beginning to be noticed.
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