Stock markets look forwards.House price / job advert statistics look backwards.
Obviously.But reduced asset value = reduced borrowing = reduced forward investment.Add in reduced employment and the forward outlook has to be weak.
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2 comments:
Stock markets look forwards.
House price / job advert statistics look backwards.
Obviously.
But reduced asset value = reduced borrowing = reduced forward investment.
Add in reduced employment and the forward outlook has to be weak.
Post a Comment