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What's the Biggest Risk of a Global Recession?
Valuations and low interest rates are kind of the best current signs of that problem. I think it's a great, great sign of that. And nowwat what happens when you end up having pension systems go belly up in the next ten, 20 years? The biggest risk is not a 20 % or 30 % eclin o markets. The bigger risk is how socially we respond to that.