3 ms·
Those who understand the economy know it's a poor predictor of market returns.
by shric 3y ago
Those who understand the economy know it's a poor predictor of market returns.
- greatpostman 3y agoThey don’t understand the economy then, they just know how to analyze it in hindsight
- shric 3y agoStock market prices are based on expected future returns. Any anticipated future economic movement is more or less priced in. You can have a perfect understanding of the economy and not be able to predict future market movements as large short term movements in stocks are in response to unpredicted events.
- gizajob 3y agoSame as every economist