Here’s @EpsilonTheory arguing we’re in for a brutal and long recovery even though the narrative and metagame have converged on a short+deep recovery.
I’ve actually been leaning towards short+deep due to the 1920 recession, which followed WW1+Spanish Fluhttps://www.epsilontheory.com/our-escape-story/ …
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The problem is that the extent of financialization, globalization, and leverage are at levels unlike what we’ve seen in prior analogues. Combined with the widespread nature of the global economy slowdown.
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