“I Think It’s Safe To Say Everyone Will Take A Glass Half-Full Approach”

“I Think It’s Safe To Say Everyone Will Take A Glass Half-Full Approach”

It's all in the spin. As Bloomberg's Richard Breslow wrote overnight, markets are prone to taking a "glass is half-full" approach these days when it comes to incoming data, as evidenced by the apparent emphasis on the bolded passage below and not so much on the not bolded passage: China Feb. Consumer Prices +0.8% Y/y; Est. +1.7% Feb. PPI +7.8% y/y; est. +7.7% (range +6.5% to +8.1%, 42 economists); Jan. +6.9% This is the attitude traders will carry into the ECB meeting and to be sure, inves
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