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Harry Chriest |
Mortgage News Daily
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If You Can't Lose,You're a Loser
Beware those who are never, and can never be wrong. Lately, I have been hearing an interesting type of argument. It is a form of debate that is both disingenuous and dishonest. We will call this the "Can't Lose Argument," or CLA. Worse than confirmation bias, it is a money-losing exercise in narcissism. The CLA goes something like this: A data point will be mentioned, and no matter what the net change in that data -- up, down or neutral -- it is somehow bad for markets. Stocks, bonds, commodities, real estate, all are fair game for the CLA.
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