Stock Market Yells 'Stag,' Bond Market 'flation'
We've been looking at the messages markets have been sending about economic expectations. Investors are future-oriented; that is, they buy or sell various types of assets based on what they think will happen in the future. They don't know the future with certainty, because no human being does. However, markets involve many millions of investors, which means they incorporate a very wide array of information held by people throughout the world.
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