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Ep 358. Elasticity of Demand, Snap Judgments, Capital Allocation, and Judging Growth Capex

Focused Compounding

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Bank of America

It's very rare, we've seen so far this year to have large increases in am treasury yields at the same time that you have decreases in bank stock values. That very, very rarely happens. They usually move more together. One possible reason for that is that your having increases in yields at thesame time that you're having expectations for slower growth. It has happened before. Um, it probably may be three times to something from the seventies through the eighties,. There were several recessions at which m yields were rising into each one ind progressively higher yields on each recession.

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