Markets are propelled by what hasn’t happened
Bloomberg/Mohamed A. El-Erian/7-1 7-2023
“Whether you are examining the evolution of the US economy or the impact of monetary policy, one of the noteworthy developments this year is not what has happened but rather what has not.”
USAGOLD note: It’s been a year of surprises and unexpected serenity…… El-Erian offers food for thought in this Bloomberg piece.
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