Philip Patrick
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah.
So this is Sheila P Robert Schiller, Nobel prize winning economist, uh,
So three times in history it's gone above 27.
It was 30, we had the Great Depression, 44 at the dot-com bubble in the year 2000, 27 in 08, and today over 41.
You could look back at all of recorded history and say, we've never seen this multiple without a significant drop to follow.
Listen, I think it'll keep the bubble going for a while, but there is a realization, I think broadly, that this thing is unsustainable.
And as soon as people start to realize that and move en masse,
it'll start to come down fairly quickly.
So yeah, I think it's got legs.
Listen, this thing should have come down a long time ago, right?
Based on fundamentals, we should have seen recession a long time ago.
And we've kept this thing going over and over and over again.
Can we keep it running?
Yes.
For how much longer before people realize this is a Ponzi scheme and get out?
That's what I don't know.
It's impossible to predict for me.
Yes, it's very simple.
To me, they can get me at Getter.
Unfortunately, I don't have the badge of honor of being shadow banned by Twitter.