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‘Corrections Are Painful, Particularly If You Have A Bloomberg On Your Desk’
Market corrections are painful, particularly if you have a Bloomberg on your desk and cable news run
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And perhaps the FED realizes that late cycle PEs should be single digits in an economy with the long term growth potential of this one, especially if widows and orphans need Volcker CD rates to survive. Anyhow tariffs are understood to be stagflationary, so what should we expect?