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Economic Torture Incoming With David Stockman

Lead-Lag Live

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Is There a Secular Correction of a Massive Inflation Bubble?

We've had a massive inflation of financial asset prices for the last several decades. The NASDAQ 100 was up by 1,250 percent from the December 2008 bottom to end of 2021. In that same period nominal GDP grew by 55 percent. So when you have the market rising about 23 times faster than the nominal GDP, you're in an unsustainable situation.

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