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I Keep Hearing…
Sometimes economic and financial market concepts become a mantra. A thought is repeated so widely and frequently until eventually the idea is simply considered beyond reproach. When pressed, most can’t recall seeing the actual proof of the assertion, but the mantra is hardly ever challenged and its “truth” simply seems self-evident. While popular economic and investment thinking usually has elements of legitimacy and many mantras do indeed accurately reflect reality, frequently “indisputable” conventional wisdom looks far less so under closer scrutiny…Read more