Mark to Market: The New Crisis of Confidence
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Banking Investor · 1 year agoI like how you point out the continual need to reference a bottom to the market. If confidence was restored in investors and consumers, a lot of the problem would correct itself.
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Mark · 1 year agoConsumer and investor confidence is definately a leading indicator, so as long as these confidence-killing events keep emerging, we can't expect any real, long-term stability to come back to the markets. In the meantime, anyone who attempts to argue that we're at the bottom or things are turning is highly suspect.