The Great January Market Sell-Off Is Not Irrational
policytensor.substack.com
Many prominent economists seem to be scratching their heads over the recent bout of market turbulence. The consensus is captured crisply by Capital Economics: “The plunge in global stock markets does not seem to be justified by economic developments.” On the other hand, market participants and other non-academic observers are wondering whether this correction will turn into a bear market before the month is out;
The Great January Market Sell-Off Is Not Irrational
The Great January Market Sell-Off Is Not…
The Great January Market Sell-Off Is Not Irrational
Many prominent economists seem to be scratching their heads over the recent bout of market turbulence. The consensus is captured crisply by Capital Economics: “The plunge in global stock markets does not seem to be justified by economic developments.” On the other hand, market participants and other non-academic observers are wondering whether this correction will turn into a bear market before the month is out;