Assuming Long-Term Rates Can Only Fall Is Global Markets' Biggest Risk
James Aitken · James Aitken – Macro Strategist Extraordinaire (Capital Allocators, EP.58) · Jun 25, 2018 · at 1:08:04
Macro strategist James Aitken discusses asset allocation risks and pervasive market assumptions with host Ted Seides.
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“I think the number one risk is the assumption that long-term interest rates can only go down. That's the number one risk. That underpins, I think, Nearly every major asset allocation around the world. The assumption that we are perpetually mired in some sort of secular stagnation.”
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