Subject To Gradation

By |2017-10-25T12:20:39-04:00October 25th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Economic growth is subject to gradation. There is almost no purpose in making such a declaration, for anyone with common sense knows intuitively that there is a difference between robust growth and just positive numbers. Yet, the biggest mistake economists and policymakers made in 2014 was to forget that differences exist between even statistics all residing on the plus side. [...]