the drumbeat that accompanied black friday this year was that the numbers had to redeem us, that if enough money was spent by shoppers it would indicate that things were not so bad after all.
or they could wait in hope for the european central bank to decide inflation is not so bad after all; or for the germans to resile from their economic puritanism and become free-spending idlers.
then look in the mirror — not so bad anymore is it?
然后再照镜子,没有那么差,是吧?
tom: it「s not so bad like what you think.
没有你想的那么糟。
the authors conclude that there is 「no empirical evidence for the assertion that hedge fund activism destroys value or is short term in focus.」 not so bad then, after all.