Back To Business
It'll be back to something like business as usual in the new week, when traders nursing the remnants of New Year's hangovers will be greeted by a slate of top-tier data out of the US.
For some of us (e.g., me), the comparatively lively docket will come as a relief. Although this holiday season offered more opportunities to editorialize than most thanks to geopolitical tumult, we nevertheless came dangerously close to "copy for the sake of it" territory by the final trading day of the year.
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I just finished reading what I’d call a biography of Charlie Kindleberger. More an economic historian than theorist/statistician, he suggests ‘muddling through’ is what actually happens during global economic crisis. Looks a lot like what’s happening.