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DISRUPTORS: Demand Destruction and the Exponential Age With Raoul Pal

The Delphi Podcast

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The Business Cycle Is Looking Like It's About to Roll Over Really Hard

We're in a slow growth world, driven by demographics and debt. The central banks need to keep propping it all up - that keeps going into the future. We've got rising commodity cost rising interust rates and a strong dollar. Those three things together are extraordinary. And it's already pricing in a recession. I s m below forty seven is a recession. It's saying the nine month forward i s m is going to be 37,. icana feels that we're going to go into a very sharp, urgent recession.

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