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Morgan Stanley's Mike Wilson Says the Earnings Recession is Worse Than You Think | #472

The Meb Faber Show - Better Investing

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Is There Consensus Quote UnQuote About Yield Curve?

There's a lot of consensus in the world as far as commonly repeated beliefs about investing markets. What is something you believe that when you talk to all your CIO buddies, it's not something that they would agree with you on? I've been focused on it for probably 15 years and there's an amazing reason why forecasters have become overly reliant on guidance from a higher power. There's no dispersion in the forecast, which means that when something happens that's unexpected, the price action is way worse. This is going to be a problem for stocks, but like well, yeah, bond folks, don't short 10-year treasury yields over 170%.

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