Powell Raises Rates To A 22-Year High, Is This The End? | Jim Bianco
Inflection Point
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The Overestimation of the Long Term
There's no doubt that there's, there's a mania going on enough stocks. But I also think that what markets do is they overestimate the short term. We're way out of front of our state on owning the video and everything else. And we underestimate the long term as to what it means. Brian Moynihan CEO of Bank of America: Oh, we're spending billions of dollars. We're looking at this AI thing. This is going to be great. The bank should know this because mobile banking has changed the deposit taking as well. That's what you're looking at with potentially a now that's maybe a decade plus out in the future.
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