Clarida Picks Up Some Data

By |2020-01-14T16:22:40-05:00January 14th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

I should know better than to make declarative all-or-none statements like this. I said there isn’t any data which comports with the idea of a global turnaround, this shakeup in sentiment which since early September has gone right from one extreme to the other. Recession fears predominated in summer only to be (rather easily) replaced by near euphoria (again). Narrative [...]