Can the Perceptions of Participants Influence Market Fundamentals?

“Reflexivity can be interpreted as a circularity, or two way feedback loop, between the participants’ views and the actual state of affairs. People base their decisions not on the actual situation that confronts them but on their perception or interpretation of that situation. Their decisions make an impact on the situation … and changes . . . → Read More: Can the Perceptions of Participants Influence Market Fundamentals?

US Economy Grows for Second Consecutive Month

On Wednesday the Institute for Supply Management published its manufacturing report for June 2009. It’s overall index (PMI) bumped up for the sixth straight month and stood at 44.8%. The reading suggests, “the overall economy grew for the second consecutive month” in June.

The reading also shows the overall manufacturing sector still on track . . . → Read More: US Economy Grows for Second Consecutive Month