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DewDiligence

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DewDiligence

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Re: DewDiligence post# 27996

Tuesday, 08/01/2023 4:03:03 PM

Tuesday, August 01, 2023 4:03:03 PM

Post# of 30496
Recession?

Today we have yet another data point from CAT (#msg-172490389) to supplement the recent data point from DE (#msg-171947205) to argue against a near-term economic downturn.

True, both DE and CAT have special tailwinds, but we can’t simply dismiss the stellar performance of these two bellwethers from the outlook for the global economy.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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