Flashback Wednesday August 3 I proposed …..
Those with idle time on their hands might wish to turn on CNBC and count how many times they say “Goldilocks Economy”.
It seems the good folks at the BCA decided to do take that idea one step further. Not that the following should surprise any Mish readers but it seems that Goldilocks Is Overbought.
The “goldilocks” scenario that has been supporting global financial markets is fully discounted.
Click on the above link for a nice graph of how many times “Goldilocks Economy” was mentioned in a major newspaper or magazine article recently.
By the way, Goldilocks is a fairy tale, just like our economy.
Mike Shedlock / Mish /