Nonfarm Payrolls Show Abysmal U.S. Job Growth as Oil Futures Spike
Real Vision: Finance & Investing
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Is the Horizon Preference Really Long?
At the bottom, people are much less willing to embrace illusion. We have a very long horizon preference and we will return to that other state at some point in the future. When things are bad, like at thebottom of march, people's horizon preferences become very short; they think about where do i get food? How do I pay my rent? So we in horizon preference over time. Ah, and right now we're at the, we’re at the long end of it. You know. Where do you think we are in the general market? Let's take the p 500. Well, let me just tell you a story. A, i had a head azoom
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