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Bloomberg Businessweek Weekend - January 20th, 2023
Bloomberg Businessweek
Is This the Third Sea Change in the Financial World?
In the 70s, I saw the adoption of risk return thinking. Most of the things that we see in the financial world today are the result of that calculus. Volcker took the Fed Fund's rate to 20. That was probably the biggest single financial event of the last half century. But nobody talks about it.
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