Richard Bookstaber on the Big Structural Risk in the Market Right Now
Odd Lots
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Navigating Long-Term Market Trends
This chapter explores the historical trends in stock and treasury markets over 40 years, focusing on the impact of economic stagnation and the shift of risk dynamics after the 2008 financial crisis. It discusses the growing reliance on volatile assets and the implications for long-term investors, particularly pension funds, as they face potential challenges in a changing market environment. Additionally, the chapter highlights the speculative behaviors emerging in both Western and Eastern markets, emphasizing the importance of understanding risks amid evolving economic conditions.
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