Stocks Best Alternative Among Asset Classes: Campbell

The video discusses the current economic landscape, focusing on the volatility of asset classes, the impact of declining oil prices, and the shift in global GDP growth. It highlights the challenges faced by emerging markets, particularly China, and the implications for the energy sector. The discussion also covers consumer behavior in response to lower gas prices and the potential for deflation. Finally, it outlines investment strategies, emphasizing a pro-risk approach with a focus on stocks and real estate.

What are the implications of capital discipline for energy companies as discussed in the text?

How does consumer behavior change in response to lower gas prices according to the discussion?