Beacon Economics

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Fed Policy in 2024:  Bad News For People Who Like Bad News

December 19, 2023/

For all the sophistication of modern asset markets, at their core, they are still just Keynesian beauty contests. Keynes’s metaphor for the markets derived from a special type of beauty contest where the judges don’t pick who they think is most attractive, but who they think will be most attractive to all the other judges. His intuition is that traders…

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No Recession In 2023

January 10, 2023

No Recession In 2023 So… all in all, in the year ahead, expect to be surprised largely by the lack of surprises. Uncategorized January 10, 2023 Author: Christopher Thornberg, PhD Christopher Thornberg, PhD All Articles “If the economy shrinks next year, no one should be surprised. We’re facing the most widely forecast recession in history.”Wall

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