The Rewind: What Does The Market Know?
The Memo by Howard Marks
00:00
Is the Market Always Right?
Inflation in excess of five % year over year for the last four months, and people are worried. The financial markets will be very different if inflation goes back to two%. Investors who thought stocks were priced right 20 % ago, and oil 70 dollars ago, now wonder if they risky at new reduced prices.
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