” b.n.=g.n”
They should teach that formula in economics classes now. Seems like it has become entrenched.
sure seems that way. I’m thinking how the idea gets more and more popular the more the econ cycle ages. Traders know that rate hikes at the end of the cycle are inevitable and they just want the bull market to last forever. Problem this time is that our ‘econ growth’ hasn’t even gotten as strong as it was a decade ago, much less what we’d usually consider as “growth”...
Someone needs to do a chart where:
BN = GN
GN = GN
BN = BN
GN = BN
Like a Gartner Magic Quadrant graph or something with the market reaction :-)