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Railways were this revolutionary technology that was going to change the world, going to change civilization, the speed with which people — roughly at the same time, remember Mary Meeker of Morgan Stanley — RITHOLTZ: Sure. CHANCELLOR: Exactly. But also, you could see these parallels. The government debt relative to GDP came down.
They were both steeped in technology. Is this the, is AI what’s driving, Hey, you gotta look past, past Nvidia and past the magnificent seven to who are gonna be the beneficiaries of all this new technology? But now we’re back to a more normal hurdlerate. 5% interest rates is not super high.
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