Seriously, we don’t. No more than we trust edicts and pronouncements. Encyclicals from the untrustworthy. We’re out there with Diogenes, looking for the honest souls. Empty-handed, mostly.
The good news, such as it is, has it that this morning’s Focus Section – 20-odd pages on how bad the next couple of years could be – can be safely taken off your reading list. Besides, sheep can’t read.
A bit less droll is our market outlook, where our natural-born optimism is tempered by digits. Today is a Bank Reserve Settlement Day – sometimes a moment of volatility – and then there’s tomorrow’s CPI read.
All boils down to a “This could be bad…” Seeing that, it’s cinch ’em up and ride time.
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