The Fed: In a Monetary and Macro Bind?
Real Vision: Finance & Investing
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Lessons Learned From the 1970s Defensive Talks
Any place where you could get revenue at a cheaper valuation did much better outperformed in the 1970s. Things like energies, utilities, those are also, I think, very good plays in this environment going forward as well. Even things like gasoline, although it's incredibly inelastic in the short term, in the long term, it is pretty elastic in terms of demand.
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