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No pivot!
The Compound and Friends
Is There a Capital Market Shutdown?
I think we saw just a totally different type of silliness in 2005 to 2007 versus 2020. We did gorge on debt when it was free and cheap which we should have. So does not surprise me that we're seeing these levels. Oh the banks stayed out of this. I mean they did IPOs in spec they did they did it as investment banks but they weren't didn't also put their own money. They weren't taking balance because they can anymore. Yeah I think they would have.
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