And if
the underlying economic reality & prospects for the developed markets are (in fact) that gloomy, how can we really hope to see markets keep marching steadily higher?
Which is a terrifying reminder of
the underlying economic reality since then — in the absence of trillions of monetary (& fiscal) stimulus, and the bond & equity market rallies they've induced, quite obviously something more like (or even worse than) Japan's lost decade (or two) would otherwise have been on the cards (& might still be)...
Not only is the stock market not even remotely discounting
the underlying economic reality, but the S&P 500 spent the last four weeks clawing back 78 % of the 249 point (12 %) drop that occurred just after New Year's despite the continued plethora of increasingly negative economic reports.
The drum - beat of war — trade and military — is meant to deflect the public's attention from
the underlying economic reality.
Both are prone to significant deviation from
underlying economic reality because they both rely on the same flawed accounting rules.
Not exact matches
Given the
reality of the
underlying structure of this
economic recovery, risks remain around global oil markets; security and political reconciliation in the Niger - Delta; policy; and of course the political transition.
Start - Up New York's multi-million dollar
underlying costs — the fact that we have lost more jobs in the past six months than any state in the nation — and the notion this so - called «tax free»
economic program will attract businesses to the least - friendly to business state in the U.S. — is not based on
reality.»
And now we're leaving the late»60s again & heading into the early»70s — and just as people discovered then, an illusory world of fixed rates, price controls & apparent
economic / market stability can't fend off an eventual & inevitable reckoning with the painful
underlying reality....