The bursting of the easy money bubble marks a huge transition for the markets
Transcript
| Chris Davis: | What I want to really emphasize is that there is a huge transition underway in the market, in the economy. We have come to the end of a period of massive distortion that lasted way more than a decade. This transition we view as a return to rationality. We feel it's something that favors the way we do things and in fact that what had been a headwind in the last decade is becoming a tailwind as we end this period of distortion. Above all, we think there's renewed interest building in back to basic fundamentals. |
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