The End of a 14-year Bull Market
The David McWilliams Podcast
00:00
Financial Markets Are All About Storytelling
The credit cycle allows certain companies or assets to have all their blemishes overlooked because people say, oh, we're all on the way up. But on the way down, the credit cycle finds the holes in everybody's story. Financial markets are all about storytelling and whoever has the best story wins. The story that this generation after 10 or 12 years of low interest rates bought was the story of tech.
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