Both the World and Capital Markets Feel Strangely Similar to 2006
For the past two or three weeks, I’ve found myself experiencing a strong sense of déjà vu. So many aspects of the world, and capital markets, today feel similar to the period following when Aaron and I graduated college; the time during which we built our early economic foundation. Housing prices. Mortgage rates. Conflict in the Middle East, particularly Gaza. Spikes in gasoline prices. Value stocks getting more and more attractive.
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