Do You Think the Markets Are Making the Biggest Pricing Mistakes?

Timothy Stanley: The shape of the old curve seems screaming, we got our problem dead ahead. He says historically that has presized recessions with a high degree of accuracy. But look at the equity market down 20 to 25%. That doesn't feel like that screaming recession, he says. It feels like just a shift in multiples related to the run-up and interest rates. And it's a lot of its tech stocks that were all juiced,. now they've come back down to Earth.