(Economist.com/Buttonwood column) Markets could decouple from the economy in 2009—in a pleasant way for equity investors.
SOOTHSAYING is not a very respectable profession. Like Cassandra, those whose forecasts are correct tend not to be believed. Most people are drawn into extrapolating from current trends and are thus surprised when things change. That is one reason why economists are so hopeless at predicting recessions.
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