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The Market’s Dirty Little Secret with Mike Wilson of Morgan Stanley

RiskReversal Pod

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The Importance of Reflexivity in the Economy

The Fed is in a tough spot right now where they can't be preemptive to the economic slowdown. The path for growth over the next couple of years is not supportive of equity valuations trading at 17 and a half or something like that. It's amazing how little we paid attention to some really important economic constructs back in the day when we're slinging lots of money around.

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