The 2023 Market Forecast – The Pause that Refreshes
“Patience is a form of wisdom,” notes Jon Kabat-Zinn, creator of the Stress Reduction Clinic and the Center for Mindfulness in Medicine at the University of Massachusetts Medical School. It demonstrates that we understand and accept that sometimes things must unfold in their own time. In 2022, Wall St. and policymakers lost their patience. Their response resulted in the most aggressive tightening cycle in modern history. Raising rates does not accelerate an economy’s adjustment process to digest supply shocks. We likened it to a python digesting a pig, which takes considerable time. Unfortunately, in this instant gratification groupthink world, many lost their patience.
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January 2023 Market Insights by Dr. James Thorne – The Pause That Refreshes
