Wednesday, May 30, 2018

Only fear restrains the economy now. Jitters, Cochrane called it.

Arthurian, 7 April 2016:
I predict a boom of "golden age" vigor, beginning in 2016 and lasting eight to ten years. It has already begun. In two years everyone will be predicting it.

John Cochrane predicts it, 26 May 2018:
The economy has finally recovered from the 2008 recession.
It has recovered, except for the jitters.

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