Systemic leverage is an underappreciated risk
The bearish macro warning raised was that excessive leverage in the system, from hyperscaler bond issuance to Korean leveraged ETFs, is a major, under-discussed risk.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.