Argentina: Discounting Is a Two-Way Street

From: Technotranscendence (
Date: Wed Jan 09 2002 - 06:12:36 MST

See Discounting Is a Two-Way Street
by Gary North

When the economic news is bad, an investment industry representative
will tell some TV interviewer that the stock market has already
discounted the bad news. By this, he means that the negative economic
effects implied by the bad news has been factored into the price of the



Daniel Ust

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