Talking Like Volcker, Channeling Burns (guests: Rob Arnott, Brent Kochuba)
The Market Huddle
00:00
The Next Crisis Will Come Out of the Bond Market, Not the Stock Market
i've been arguing for a long time, that the next crisis is going to come out of the bond market, not the stock market. i remember very well, brent in two thousand and eight, or seven and eight, that everyone thought hat we were going to have a crash in text stocks. And what did we have? We had a crash in credit. WeHad a crash in real estate. It was something nobody would expect. Nobody could hedge for it. I'm not sure about this, cause i haven't given this much thought, but i wonder if the bond market is rightfully recognized that that it's got a lot more risk in it than the stockMarket.
Play episode from 01:50:37
Transcript
