A lot of the worst investors I know and people who I regularly like to bet against are preparing for a recession.
Are you?
I’ve always been in the camp that recessions are the economic implications of changes in asset prices.
And that’s because, well, it’s just fact. Price leads. The “economy” follows….
So for me, I’d rather just focus on price then. Why would I waste time on the lagging data when we can spend our time on the forward looking data?
And so here we are.
What’s it going to take for stock prices (outside of energy) to stop falling?
I think it’s more of what we’ve seen over the past few weeks: A weaker Dollar. [Read more…]