What a Long Strange Trip it's Been with Alfonso Peccatiello of The Macro Compass
RiskReversal Pod
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On the Tape - Misery Ladies and Gentlemen
Alfonso: To wipe out generational wealth being built basically on this leveraging mechanism and what you just described, so effectively sharing losses and having the gains for the few, it actually requires quite a lot of pain. He says there is nobody who has any good incentive scheme to correct that. "I'm not going to get reelected if I do so," said Alfonso. 'It's not going to happen'
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