Back in 1997, while I was still in college I read a study from the Federal Reserve Bank of New York titled, “The Yield Curve as a Predictor of US Recessions.” This was in the early days of the development of my economic model, so I studied
Tag: Yield Spread
Conservatism Bias: A belief preservation bias in which people maintain their prior views or forecasts by inadequately incorporating new information. Conservatism causes individuals to overweight initial beliefs about probabilities and outcomes and under-react to new-information; they fail to modify their beliefs and actions to the extent rationally justified by the
Stock markets are usually described as being a “bull” or a “bear”, but a different animal could be used to describe the current market.
I’m not sure when the terms “bull” or “bear” market were first used, but they are