Month: July 2018

The stock market is not the economy — but the wild ride of the past 3 days is telling us something really important

July 11, 2018

Traders, who had been levered up to their eyeballs, are speaking with their risk managers. And their risk managers are explaining that, according to the new model that factors in a new economic reality, they’ll have to borrow less money to play in the market. Volatility, these killjoys will say, has returned. After laying dormant […]

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