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Sentiment Rally

The Compound and Friends

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Are We in a Recession?

The savings rate, like pre-pandemic, was 8%, 8%. And now it's 3%. Could that go negative? Sure, it could. When was the last time it went? Probably a great financial crisis or- Yeah, I mean, around every crisis time, right? You see people start to draw down. Because obviously they're spending more than they can replace their income. Part of the job loss, part of the sort of lower bonuses. But we're not in crisis now.

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