In recent months, investors have been unjustly chastised for their lack of consistency. In truth, they have an unblemished record of drawing the wrong conclusions. Last week’s second-quarter report on US gross domestic product provides the freshest evidence of market cluelessness.
Down the Rabbit Hole With US Statistics
In recent months, investors have been unjustly chastised for their lack of consistency. In truth, they have an unblemished record of drawing the wrong conclusions. Last week’s second-quarter report on US gross domestic product provides the freshest evidence of market cluelessness.
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