Everybody wants you to be special
And everybody wants you to be high
They throw you down a rope
When you're in trouble, baby
Screamin', 'save me'
Then they charge you with the rescue blues
--Ryan Adams
Courtesy of MacroMaven Stephanie Pomboy, plot of consumer spending alongside expectations for higher stock prices. As Steph puts it, "stocks are now the single greatest threat to the economy...heaven forbid the market ever goes down!"
You can bet that policymakers understand the above relationship. If markets experience a down draft, then you can bet that policymakers will, in the words of the Maven, "cue the helicopters!"
Monday, January 15, 2018
Greatest Economic Threat
Labels:
Fed,
intervention,
measurement,
risk,
sentiment,
technical analysis
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