Tuesday, January 26, 2016

Irrational

There's a feedback between financial markets and the economy.  You might think markets are irrational, but even if they are, that spills over into the real economy.

-- Andrew T. Levin, former adviser to Fed chairwoman Janet L. Yellen, on how the decline of oil prices is causing other problems, too, New York Times, 22 January 2016

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