Maybe even trying to say the economy doesn't start a recession.
Maybe the market turning down starts an economic recession.
In that scenario shouldn't everyone be looking to market indicators as a leading indicator?..not economic ones? Gold up, Bonds flying off the shelves, Moving averages turning down...
In 2007 was there mass layoffs first...or did the market tank first?
Just having a constructive discussion here.
When the market was simple and people invested in companies who used that money to grow business operations and return profit to shareholders...maybe the economy drove the market?
In a market flooded with derivatives of derivatives, traded with futures. Not so sure.
Does anyone honestly believe it was predatory lending that led to the financial crisis? Or was it the large bets on mortgage derivatives...that didn't contain the liquidity to support their own weight?
Has no one had a foreclosure since 2007?