By John Tamny RealClearMarkets
Be it up markets or down markets, when stocks are moving powerfully in either direction lots of misinformation seeps into the public discussion. And with shares testing lows not seen since the ’90s, it’s understandable that a number of wrongheaded assumptions would become conventional wisdom. The problem here is that a great deal of the ‘settled logic’ with regard to housing, recessions, the dollar, free trade, and debt has no basis in reality.
