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Bitter Bears Look To 2024 After Frustrating Year
There's still a week left, but we can confidently speak about 2023 in the past tense.
It was a good year for assets. There's more than a little bitterness about that.
For some, equities' stupendous performance was a travesty of sorts. An affront to the US recession that wasn't. And the absence of a downturn was itself a slight: "I was told there would be a recession."
If you notice, the mea culpas sound suspiciously like sarcastic excuses: "We failed to anticipate the potential for a viral ch
“I was told there would be a recession.”
Peter Gibbons: Milton? Hi, uh, could you turn that down just a little bit?
Milton Waddams: But I was told that I could listen to the radio at a reasonable volume from nine to eleven while I’m collating…