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#997 Darius On Why Inflation May Be Here To Stay

The Pomp Podcast

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The Federal Reserves Are Trying to Eliminate the Business Cycle

There used to be way more frequency to the bear markets and much more severity to bear markets. And now all of a sudden, uh, we actually are, um in some way fortunate or privileged in that there aren't as many, uh, bar markets, and they're nowhere near as severe as they used to be. The problem then becomes, i guess, we just get no cleaning out of a bad capital allocation. We get no re allocation of resources from bad companies to good companies. It kind of just allows for, uh, the proliferation of like, zombi companies in some way, right? Yeah.

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