In this episode, Mark and I are focused on answering one question: what is going on with markets?
We kick things off with a quick summary of the equity and bond markets, both of which are having some of their worst starts to the year ever. In the case of the US 10 year, YTD performance through April is the worst it's been since 1778!
Next we moved onto three unsustainable states of being in the market today: 1) equity valuations 2) debt to GDP and 3) wealth inequality. We discussed each of these topics at length, and outlined their connections to one another.
Finally we ended on the transition away from capital to labor, but for that you'll have to tune into the show.
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