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RE: LeoThread 2025-08-17 05:22

in LeoFinance5 months ago

conversation we had, whatever it was, was it a couple of months ago grant? I don't remember when we recorded it. And you specifically asked, could a drop in the stock market cause that collective sense of sacrifice? And my initial reaction was like, not really, unless it was cataclysmic. It was so significant that it caused, it necessitated shared sacrifice. And I recently had a conversation with James Van Galen on the show where we talked about the possibility of a wealth-driven recession, a recession that's driven by a fall in the stock market that's so great that it has such a substantial impact on consumer spending because of the fact that the top 10% are responsible for 50% of consumer spending and because also baby boomers do so much to support their children. So there are knock-on effects. And then AI could accelerate that. So I think as I reflected on what you said in the last couple of weeks, I think there may be more truth to that. And we're sort of going to see that playing (10/45)