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What's the negative catalyst? (EP.291)

Animal Spirits Podcast

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The Relative Attractivity of the Stock Market

The funny thing is that relative attractiveness, it didn't really stop people in the past. It makes a bigger deal now that rates were so low. Back then people still took risk because they were more used to those high rates. If rates stay at 4% for the next decade, you can have another bubble. Because people will get used to 4%. It's just the baseline.

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