mercredi 31 mars 2021

"it's different this time"

 

In 2000, they said that about dot.com stocks. In 2007, they said that about real estate. Today... you can probably find examples of why "it's different this time" in today's markets, too.

The reality is that it's never different -- because markets' main driver, collective psychology, does not change.

 The Eurozone consumer price inflation is expected to accelerate to 1.3 percent year-on-year in March 2021, the highest level since January 2020 and in line with market expectations.