www.HNewsWire.com
By HNewswire
Research shows that the economy is subject to “confidence cycles,” and when consumer mood moves toward the belief that a recession is on the way, the market will actually experience one.
“I believe the mood has been baked to the point that people are now behaving on the presumption that a recession is imminent. Remember, Peter Atwater, a former hedge investor who is now a professor at the College of William & Mary in Virginia, argued that action is what truly causes a recession to arise.
The Federal Reserve’s ultra-low borrowing rates have allowed hundreds of corporations to fake their profitability, according to Atwater.
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Caravan to Midnight