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Eric Basmajian: Further Downside Ahead For Risk Asset's
Market Depth
Introduction
Eric Besmajian is the founder and CEO of EPBR research, a great macro research shop. He says we conflate secular trends and cyclical trends in economy. Secular trends are long-term, slow-moving forces; you can have many ups and downs within that cycle. Cyclical trends occur when growth rates rise or fall at different times over time.
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