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My personal musings about anything that gets on my radar screen--heavily dominated by politics.

2004-04-13

Could Somebody Please Explain Logic to Economists

This from the lede of the story on the MSNBC website:

Stocks fell sharply Tuesday, as unexpectedly strong economic data eclipsed some upbeat earnings reports and sparked fears that the Federal Reserve could tighten credit sooner than expected.

So, good news spurs . . . fear and a massive selloff? Huh?

No wonder I put so little stock in budget projections of ten years into the future.
Posted by: Michael / 4/13/2004 09:38:00 PM

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