5min chapter

The Compound and Friends cover image

Dan Nathan Predicts Recession

The Compound and Friends

CHAPTER

Is There a Need for Basic Income in the Stock Market?

There's no linear connection between a calendar year of negative earnings and the stock market going down. And that's why all the predictions in the zero percentage or straight era about we're going to need universal basic income are wrong. It's actually the people who are sitting on stage at Davos talking that shit that are losing their jobs because nobody needs them anyway. John: I think there's an absolutely brilliant scenario where I, you know, I probably got a little aggravated by this whole idea of like a no landing.

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