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Podcast: Money Life with Chuck Jaffe
Episode: Invesco's Levitt: Significant policy tightening always ends 'in an accident'
Description: Brian Levitt, global market strategist at Invesco, says the current troubles with the banking industry and the market's struggles with inflation are setting the stage for a new cycle, noting that if inflation comes down and the Fed backs away from its stance it typically will improve conditions for investors. Levitt notes that investors are wondering whether the current situation looks like the 1990s -- when a downturn represented a great opportunity -- or like the 2008 financial crisis, where recovery took much longer, noting that he doesn't see conditions looking like they will result in the protracted, painful downturn. Als...