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NFTZ - This Asset Bust Combines The Worst Of The 2000 And 2008 Cycles
Defiance Digital Revolution ETF
Since its peak at the end of 2021, nearly $8 trillion in market cap has been knocked off the S&P 500 alone.
As home prices were leaping over the past few years, households sustained spending by borrowing against their rising equity.
It’s spooky that this cycle has combined the worst elements of the 2000 tech top and the 2007 housing top into one super-bomb for net worth and the consumption-dependent global economy.