‘Money illusion’ has, in a way, led the CBN to construe the ravaging hy­perinflationary trend in the country as a monetary phenomenon, where ‘too much money is chasing few goods’.

Citations: Cohen, Randolph, Tuomo Vuolteenaho. 2005. Money Illusion in the Stock Market: The Modigliani-Cohn Hypothesis. Quarterly Journal of Economics. (2)639-668.

Stocks have made back almost all their losses since President Trump announced his badly calculated, then mostly deferred ...