The rise in global economic confidence might seem strange, given the financial problems that remain and new ones apparently on the horizon.
But Yale University economist Robert Shiller says something called a �positive feedback loop� explains the improved sentiment.
�Economic analysts often turn to indicators like employment, housing starts or retail sales as causes of a recovery, when in fact they are merely symptoms,� Shiller writes in The New York Times. (more)
No comments:
Post a Comment