MacroVoices #333 Harley Bassman: Inflation, Bond Yields, VIX vs. MOVE, Demographics & More
Macro Voices
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Why Is the Stock Market Not Crashing?
Harley: There's no magic here, per se, about something's the wrong price. It's just that rates have moved relatively a lot more then its tokhell. And it's reflected heren your slide on page four, where the vix showing much, much lower equity volatility than bond volatility. Why is the stock market not crashing? Well, i mean, this too is not raccus science. I mean, what's the stock? It's money. Get some day, discount it back to day.
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