The tea party hosted by the Mad Hatter in Lewis Carroll’s Alice’s Adventures in Wonderland epitomises the topsy-turvy world of the novel. In today’s financial markets, investors react badly to good economic news. Photo: Reuters
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

When stock markets fall on good jobs data and easy money is the norm, we are in the midst of a Mad Hatter’s tea party

  • Stock markets fell despite better-than-expected US jobs data, as investors anticipated that monetary policy tightening would follow. This reveals a dangerous addiction to easy money

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The tea party hosted by the Mad Hatter in Lewis Carroll’s Alice’s Adventures in Wonderland epitomises the topsy-turvy world of the novel. In today’s financial markets, investors react badly to good economic news. Photo: Reuters
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