The White House continues to tell us that they are doing nothing wrong with the way they are running the economy or the country, it’s only the messaging that gets them into trouble. For example, those old-school people who look at the technical definition of a recession as “two-quarters of negative growth” need to be more open-minded. It is true that the White House does a terrible job with this messaging thing especially when it comes to its latest press release about the Strategic Petroleum Reserve (SPR). Their messaging sent the wrong signal to the market causing a selloff in oil prices but that was their intention.
Image and article originally from www.barchart.com. Read the original article here.
