#9 Two Capital Cyclists
Behind the Balance Sheet
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The Capital Cycle
i wanted you to explain your theory about why the capital cycle will be so important in an age of financial repression. We've had ten years of falling rates and the growth stocks going through the roof, and that's not going to be the simple way of making money in the stock market going forward. i would call it the hybrid system. I stole that from paul volker, and that was the linking of the remnant b to the dollar at an undervaluation. But frankly, after the agent financial crisis, lots of people did that. And we can create a miletary system. That means they're desperately out of balance. They may have allies in this new monetary system which
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