We are only sad...

verfasst von JüKü, 11.12.2001, 10:11

... schreiben BankAustria/HypoVereinbank in einer Analyse:

"We are sad, but we are also happy. As mathematicians, we are sad to
recognise that rational expectations have lost their dominant role in
macroeconomics. As Keynesian adepts, we are pleased to see the full
impact of"animal spirits" on the economy. The US economy is
plummeting from its New Economy throne and hard data series are
falling even more than they were climbing in the good ol' NewEc days.
And what does the market do? It attaches a disproportionate importance
to the NAPM non-manufacturing series (3y old, not yet tested…). During
the last 3 months, the US economy has managed to lose almost 1 million
jobs. And what does the market do as these figures are released? It looks
at a marginal improvement in consumer confidence.
Actually, we are only sad."

<center>

<HR>

</center>

Thread gesperrt

 

gesamter Thread:

• We are only sad... - JüKü, 11.12.2001, 10:11
  • Re: We are only sad... - Emerald, 11.12.2001, 11:33