Markets Suffering From Mental Scarring, M&G's Lonergan Says

The video discusses market psychology, focusing on mental scarring from past recessions and its impact on current investor behavior. It explores the low volatility and investor fear post-2008, analyzing the current economic regime and potential growth slowdown. The discussion highlights opportunities in risk assets, emphasizing the equity risk premium and investment strategies in cyclicality. It concludes with insights into emerging markets and diversification, particularly the Turkish lira's role as a diversifier.

In what ways does the speaker suggest that the current economic regime is different from the pre-2008 environment?

What opportunities does the speaker identify in the current market conditions?

How does the speaker view the relationship between volatility and investor behavior?