The World Is More Volatil Than Ever

The current boom cycle we just had was like one of the shortest ever. And I think this this decade will be characterized as kind of like deflationary shocks, like the pendulum,. If you want to think of it, like, you know, this kind of spectrum of like melt up asset boom and downturn economic drawdown asset bust. The two left and right tails are more likely than they've ever been," he says.