smaller busts precede larger busts whichever is the ultimate resolution of the bubble - repricing will occur for some assets this will be good, for others - not so much even in the same asset class different assets perform differently (think manufacturing vs tech stock)

Illya Gerasymchuk 2025-07-07 19:08

these boom & bust leverage/debt cycles have been the norm in modern financial markets: 1️⃣ each cycle gets refiled with more debt/leverage - boom 2️⃣ eventually, the debt cannot repaid - bust 3️⃣ go to boom