Sep 22

$195 Billion Asset Manager: “The Time Has Come To Leave The Dance Floor”:

When the supposed solutions to the Fed’s dilemma are merely new “problems,” you know you are approaching the cycle’s end… long-term investing is predicated on not just knowing where the happening parties are during the reflationary parts of the cycle but more importantly, knowing when the time has come to leave the dance floor. In our view, that time has already come.”

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