A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.
Just 10 days ago, anxious markets were freaking out about the US economy, convinced that the recession we’ve avoided for three years was finally happening. It appears to have be a wild overreaction (amplified by some unrelated financial shenanigans) to a single report on the labor market.
The whole episode illustrates the folly of obsessing about a single data point when trying to assess the
→ Continue reading at CNN - Business News