And while just like last time, the tech companies still have no profits,
at least this time they have revenues... most of which originate from
the seemingly infinite advertising budgets at struggling discretionary
retailers. By way of gentle reminder - In 2000, total US debt was $5.7
trillion. Now it is three times greater, or $17.2 trillion. As Kyle Bass once warned, "we are right back there! The brevity of financial memory is about two years."
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