MacroVoices #330 Julian Brigden: Hyper-Financialization Is The New Inflation
Macro Voices
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The Real Economy Isn't a Bear Market, Right?
The chicken is the equity market, and the egg is the real economy. Once you ding stock prices o tie to financial conditions, it starts to elicit a chain reaction. The next chain reaction that we're going to see is a significant drop in the level of some of these confidence metric things like the p m is. And i think people are going to be shocked at the imminent risk of a recession.
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