Exuberance Versus Optimism in Markets
Bloomberg Businessweek
00:00
The Divergence Between the Stock Market and the Bond Market
Don't discount the consumer. It's 70% of our economy two thirds basically and the consumer somehow some way continues to amaze on the upside in terms of being resilient. So there's lots of divergences here so to try and apply anything that is traditional in today's day and age is interesting. And I'm so concerned at all about the impact Bidenomics could have when it comes to the inflation picture and stimulating the economy while the Fed is trying so hard to fight inflation.
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