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The "Money View" Lens
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The transcript discusses the 2008-2009 financial crisis, highlighting the macroeconomic profession's failure to predict it. The speaker shares personal experiences from 2007, noting early signs of the crisis through financial indicators. They used the unfolding crisis as a teaching tool, predicting its impact in real-time. The focus is on analyzing short-term money spreads to understand market stresses, using a 'money view' lens.
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