The Memo by Howard Marks cover image

Thinking About Macro

The Memo by Howard Marks

CHAPTER

The Market Needs a Trip to a Psychiatrist

The stock market started off 20 16 with a big decline, which seemed to me to be irrational. And i think that the full range of inflation projections for 20 23 falls between two % and two point three%. At roughly the same time, saint louis federal reserve bank president ames bullard also spoke about the uncertainty that's present. Mister bullard said, the us. Economy is in an environment where we've got a lot of volatility. So it's not at all clear that any of this will pan out the way anybody's talking about....

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