By Paul Krugman.

    "For those of us who follow economic policy in general and the Federal Reserve in particular, the past week has been shocking and terrifying.

    My read of economic and financial history is that market pricing almost never takes into account the possibility of huge, disruptive events, even when the strong possibility of such events should be obvious.

    The usual pattern, instead, is one of market complacency until the last possible moment. That is, markets act as if everything is normal until it’s blindingly obvious that it isn’t."

    https://paulkrugman.substack.com/p/why-arent-markets-freaking-out

    Why Aren’t Markets Freaking Out?
    byu/Interesting-Line-317 ineconomy



    Posted by Interesting-Line-317

    6 Comments

    1. Over-Independent4414 on

      Markets also care a lot about profits and profits are still doing just fine.

    2. Anti-Trumpers wanting everyone to hate Trump as much as they hate themselves.

      Nah 💪🇺🇲

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