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The Tough Macro Environment
Brennan: I think it explains why things seem so not chaotic, but there seems to be so little clarity or so much disagreement. We hear everyone say it that this is such a tough macro environment; like translated just means no one knows what's going on. And if you look at history, any kind of historical analogy or analog probably doesn't work because none of this stuff has ever happened before," he says. "The biggest bias in finance through my whole career has been just people are way too bearish"