Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers
MishTalk
NOVEMBER 20, 2015
Of course, there is also persistent overoptimism about earnings growth and stock market expectations. Sales of Class 8 heavy trucks are on pace for one of the best years in history - around 260,000 units in North America. economy would avoid a recession despite the ongoing housing market turmoil. The Fed never sees them coming.
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