Exuberance Versus Optimism in Markets
Bloomberg Businessweek
00:00
The Divergence of the Stock Market
The long tail that areas like wages and rents have continued to be sticky. The stock market really has not seemed to care what's happened with inflation. So, I'm suggesting divergence. One thing I'd like to point out is that over the last three years we have seen things that have never, and never say never but never happened before," he says.
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