In this excerpt from episode 112 of the Animal Spirits podcast, Michael Batnick and Ben Carlson discuss paradigm shifts and Ray Dalio's recent LinkedIn post, "The World Has Gone Mad and the System Is Broken."

Check out the full episode (link below) to hear Michael and Ben thoughts on: auto loans, denominator blindness in debt statistics, experts on an earlier version of the world, the one-percenters, timing value stocks, infinite leverage, more surveys and much more.

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