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A paradigm shift in financial markets has taken place since 2008 into a more volatile investment environment that will demand different ways of managing risk. In an ironic twist of intention, today’s higher volatility is the consequence of attempts by central banks to engineer a less volatile economic environment. This environment, one in which recessions are shorter/shallower and expansions stronger/ longer than they were in the early part of the 20th century, has its roots in the early 1980s and has spanned over two decades (read about it our “Blue” Paper titled, Living in a More Volatile Investment World.) (more…)

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