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23min chapter
The Stock Market Melt Up Is About To Accelerate | George Robertson
Forward Guidance
Navigating Economic Surprises
This chapter explores the surprising growth in nominal GDP, examining the disconnect between robust economic signals and recession predictions from market observers. It critiques past monetary policies, analyzes the implications of fiscal dynamics, and discusses financial risks amid current market conditions. By referencing historical economic patterns and the Minsky cycle, it offers a cautionary perspective on potential market instability as investors take on increasing risks.
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