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What ‘A Bronx Tale’ Taught Me About Macro Economics

“Now Youse Can’t Leave”: What ‘A Bronx Tale’ Taught Me About Macro Economics

Tony Jacoby, CFA Published on AdvisorPerspectives.com

“I will never forget the look on their faces. All eight of them. Their faces dropped. All their courage and strength was drained right from their bodies. They had a reputation for breaking up bars, but they knew that instant, they’d made a fatal mistake. This time they walked into the wrong bar.”

‘C’ Anello [Narrating]

With a few tweaks to this quote, it could capture the sentiment of many Fed Watchers over the past several months reacting to economic releases. It feels like every other week corporate news pundits are justifying a stock market whipsaw with “bad news is good news, but sometimes, bad news is bad news” when trying to predict a rate cut. It would be more entertaining, and just as informative, to watch a blind folded Jim Cramer call a tight horserace through the last furlong between ‘Hard Landing’, ‘Soft Landing’, and ‘No Landing.’

Read the entire article here: What ‘A Bronx Tale’ Taught Me About Macroeconomics

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Author

  • Tony Jacoby

    Tony Jacoby, CFA, joined Shelton Capital Management in November 2017. He has a B.A. in Economics and a M.S. in Applied Mathematics with an Option in Applied Probability and Uncertainty Quantification from the University of Colorado.

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