Anthony Pompliano

This was all during the dot com bubble.

But you had to get rid of this spending this debt that was happening that shouldn't have happened.

I think this is going to be a gradual credit spread rising, not a complete panic, but I do think they're going to have to intervene at some point in the private credit side.

But that will happen when the insurance companies and in particular annuities are brought into the equation, which I think is a growing risk every day.

Well, there's two things about the numbers.

First of all, a big shout out to perplexity with perplexity computer.

So it's great.

It's fantastic.

And I've differentiated when I use it versus open claw and how I'm using the two.

It really...

Everyone who's out there who wants to understand how agents work and how you can do projects and build dashboards and things like that, just play around with it.

Pay the max money for one month, even if it's just for one month, and just see what you can build.

It's worth it.

It's amazing what you can go through.

So I did this.

where I got the data, and then I just put the data in an Excel file and I gave it to them.

Now, two things about it.

Yes, when inflation is at least 4%, so anywhere where it's been 4% and higher, until it gets back below, that's the return.

The problem is while inflation is going up, the returns are much more negative.

So you have to think about it, and this is what happened during the 70s.