By Eric Peters, CIO of One River Asset Management
Dusted off an anecdote about time and money from 2016 (see below), back when the western world seemed stuck in secular stagnation. Before Brexit, Trump, trade wars, Covid, government stimmies, runaway deficits, inflation, war in Ukraine, the Middle East, the Cold War with China. Back before AI, Nvidia, the IRA, US equity outperformance, America’s swing back to Trump. All signs of an imbalanced global system groping for a new equilibrium.
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