#21 The Economist
Behind the Balance Sheet
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The Difficult Environment for Macro
This is a good environment for macro, isn't it? Yeah. There's been a tough sort of decade. Why has macro been so difficult? And will it now have its time in the sun again? You know, I mean, we haven't found it impossibly difficult in the last decade,. But trying to keep up with soaring equity prices is not being easy... We've seen great periods of very damaging volatility to clients.
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