Global Economic Report

Heightened Risk = Caution

The expert and you are in a car and the expert is driving. After awhile, you notice that the expert is driving the car by looking through the rearview mirror. Concerned you ask him why he’s not looking ahead as he drives. He replies that there is nothing to worry about since he can see that the road we’re driving on is straight. The expert believes that the straight road he sees in the rear view mirror is discounting the straight road ahead. By the time the curve in the road appears in the rearview mirror, the car you’re in is...

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