- July 7, 2023
Muddled Optimism
“A man hears what he wants to hear and disregards the rest…”
—The Boxer, Paul Simon, 1969
Read more“A man hears what he wants to hear and disregards the rest…”
—The Boxer, Paul Simon, 1969
Read moreIf a picture is worth a thousand words, this will be the “longest” letter I’ve sent you in a while, as there are quite a few pictures. It may also be the most wide-ranging.
Read moreIn economic forecasting, reality is usually somewhere between the extremes. The best-case and worst-case rarely happen. That’s why, when they do happen, markets react so quickly to the “missed expectations.”
Read moreBig economic storms are rare and usually end quickly, but they tend to have long-lasting effects. Today I want to talk about a storm 50 years ago that still affects us now. Important things happened in the 1970s.
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