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Whenever there are good news in Europe, they are expected to be temporary, or to cause things (increased interest rates, for instance) that will bring bad news.

Whenever there are bad news in the US or UK,  they are expected to be temporary, or to cause things (lowered interest rates, or lower oil prices for instance) that will bring good news.

It's a structural feature of economics coverage in newspapers.


In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Nov 2nd, 2006 at 08:19:24 AM EST

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