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Transcript: Edward Chancellor

Barry Ritholtz

CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. CHANCELLOR: And look — yeah, but then if you look at the valuation of the market at that time, the market was — the U.S. They’re actually just buying long dollars, treasuries.

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Transcript: Kenneth Tropin

Barry Ritholtz

RITHOLTZ: And those were Treasuries. RITHOLTZ: You guys do everything from quantitative analysis to macro. And last market question, so we’ve seen equity valuations come down. I get the sense you’re expecting cheaper valuations, if not much cheaper valuations. TROPIN: Right. TROPIN: Yeah.