3min chapter

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The Pandemic Broke the Economy (EP.264)

Animal Spirits Podcast

CHAPTER

The Stock Market Is Pricing in a Recession

The stock market didn't hit the technical definition of a bear market until july two thousand eight. That was four months after j p morgan bailed out bersterns. And eight months into the recession. Think about how much quicker the market moves to day. Maybe we're just over correcting the absurdity that we saw over the last twe years.

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