Why the Recession Conventional Wisdom is Wrong
The Breakdown
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The TGA Draining Liquidity
It was to seem a recession is inevitable. Risk assets are expensive and stocks always bottom during deleveraging driven recessions. Guess a major crash must thus be inevitable. Let's explore the other side of the coin and debunk it all. First, valuations are in the eye of the beholder. Bias in data and time frame selection can make all the difference. Is an AI bubble forming? Likely so and it is just getting started.
Play episode from 04:31
Transcript
