High-Yield Market 'Insanely Expensive': Economist Darda

The video discusses the equity risk premium and market trends, highlighting the potential for a soft landing in the economy. It examines recession indicators, such as unemployment rates, and provides an economic outlook. The impact of a potential recession on the market environment and risk assets is analyzed, with a focus on equity markets and profit margins. Finally, the video offers insights into investment strategies and market valuation, cautioning against high yield markets and suggesting alternative investment options.

What does the speaker mean by 'the coast is clear' in the context of economic recovery?

Why does the speaker believe that the high yield market is currently expensive?