I wouldn't describe it as urgent today. The economy is still clipping along at a modest pace and likely to do so. There has not been an economic boom, so I don't think there has to be an economic bust, and certainly not anytime soon. So I'm not commenting so much on the fundamentals; I'm commenting on investor behavior and asset prices.
~ Howard Marks, Bloomberg interview, 3:30 mark, August 1, 2017
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