This Time is Different

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10 months ago
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The most terrifying phrase you could ever hear in financial markets is this time is different. Today, interest rates are skyrocketing, but they've been here before. Today, the debt-to-GDP ratio is near 120%.

But it, too, has been here before. Mortgage rates, inflation, unemployment, and bank failures. The list goes on and on.

For every macroeconomic factor that seems to forecast doom and gloom.

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TIMECODES
0:00 The Most Terrifying Phrase
0:56 Interest Rates on Government Debt
3:16 Debt to GDP
5:37 Tax Revenues
8:12 The Yield Curve
9:10 Equity Valuations
10:21 Real Estate

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#YieldCurve #DebttoGDP

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