Re:The US government is inviting inflation
by throw0101a on Monday February 22, 2021 @04:37PM
(#26230989)
You may wish to actually look up that quotation:
> To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.[20]
> To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.[20]
* https://en.wikipedia.org/wiki/Paul_Samuelson#Aphorisms_and_q...
Paul Samuelson was one of the most important economists in the 20C, and literally wrote the textbook:
* https://en.wikipedia.org/wiki/Economics_(textbook)