the economy fundamentally strong but it will take a long time to work through those dislocations. look at the 401(k) and looking at equity prices those equity bonds have taken a hit but there hasn t been great crisis in the financial markets the big one being cryptowhich has blown up but are you surprised we have not seen a larger problem in financial markets and you expect cryptoto spread in the coming months? i think the cryptophenomenon is related to inflation but when there is a lot of money sloshing around the economy and encourages people to speculate is new areas and build bubbles and that is what happened in
investors appearing increasingly confident that the federal reserve will be able to tame rising prices. and that could be why we ve seen the rise in equity prices. and now turning to the inflation report due out later today and the key here is looking at whether inflationary pressures are spreading monday the sectors hit hardest by the pandemic, beyond the pandemic-driven disruptions and whether we see rising prices in places like the services sector. and whether the rise in wages is having an effect on prices in those parts of the economy. so a big report due out for investors later today. here s a stunning statistic, the world health organization said that more than 50% of europe s population will be infected with the highly contagious omicron co-individuals 19 variant over the next two months. you re in london. what s the response to that there? and how alarmed should other continents be about this report? well, jonathan, that prediction, stunning. and it is getting a lot of
the 70s. hold your horses there decent flagrantses, 3, 4%, that will show up in equity prices. some of these companies i think it s the administration, charles. i think it s tax policy, it s foreign policy, domestic policy. there s risks there that the mask has not had to experience even since the early days of the obama administration. there s an adjustment period coming there. that would be a buying period if we get a pull back. charles: i loved that you talk about deflation. the federal reserve is trying to get some inflation that maybe they will breathe a sigh of relief if we see more. thanks very much. meanwhile, through the great reopening, covid restrictions keep lifting. coming up a restaurant owner on how it s all going. the summer season getting started, a lot of workers are wondering what life will look like in the fall. we have the answer next. this isn t just freight.
Bargain hunting in an expensive market: What do you do when everything looks too pricey?
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Valuations alone may not be enough
Didier Saint-Georges of Carmignac
You d be hard pressed to claim that equities are cheap these days. Most indicators used to measure the expensiveness of stocks deliver the same verdict – namely that both in absolute terms and compared to their historical average, equities are quite pricey today.