Julian Brigden joins Jim Bianco to chat through markets and provide exciting details about their upcoming Global Macro Summit
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The Risk of Extended Duration in the Equity Market
I look at this equity market and I do, it looks extended relative to liquidity. And you can, I truly believe it's mechanics. You want to give me 2% for 100 years. I would issue everything for a game. Even Argentina got that joke. Right. But you know what? But Steve Mnuchin didn't. So, I look out a little bit further. This net issuance to come, not inconsiderable this year and even bigger next year. We'll be bloody lucky if the equity market isn't down 17% from here. If these mechanical relationships help.
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