Macro Issues Are Everywhere, Does It Really Matter…?

Macro Issues Are Everywhere, Does It Really Matter…? by Lukas Neely, Investor Vantage

“There’s too much emphasis on macroeconomics and not enough on microeconomics. I think this is wrong. It’s like trying to master medicine without knowing anatomy and chemistry.”

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-- Charlie Munger

[munger]

Since the recent correction, we’ve seen a bevy of reasons why the market is falling: interest rates might increase, China is falling off a cliff, here comes 2008 again. I thought it would be an important discussion and, at the very least,  clear some things up regarding China as a “reason” for the U.S. market decline.

Media reporters are just doing their job, however, it causes them to ‘latch-on’ or try to find certain “things” to justify any...