John P. Hussman - Universal Capitulation and No Margin of Safety
John P. Hussman, Ph.D.
President, Hussman Investment Trust March 2024
Hussman Market Comment
https://www.hussmanfunds.com/category/comment/
Sju chefsekonomer med delade meningar (2,5 eller 2,25)
Samstämmigheten om oförändrad ränta på torsdag var total. Däremot är meningarna om vägen framåt delade. Var Riksbankens styrränta ligger om ett år landar ekonomerna hos Handelsbanken, Länsförsäkringar och Swedbank på 2,5 procent medan Robert Boije, SBAB, och Jens Magnusson, SEB, tror på 2,25 procent. DI 25 juni 2024 https://www.di.se/nyheter/experter-ekonomin-vander-men-sankt-ranta-forst-senare-i-ar/ They don’t want to be what investor Mark Kritzman calls “wrong and alone.” A manager with one-third of assets in Chinese stocks won’t get fired if that market falls, since almost every other firm has similar exposure. Being wrong together gives every manager plausible deniability. But a firm that holds little or nothing in Chinese stocks will be blamed by clients if China booms, since its funds will lag behind their competitors. Being wrong and alone is what gets asset managers fired. WSJ 24 September 2021 https://englundmacro.blogspot.com/2021/09/nobody-knows-anything.html
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