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But we saved everything 🙂.
Lawrence Lepard described his experience investing during the years 2000, 2008, and 2020, each of which he characterized as periods when market bubbles burst. He also remarked that Thursday, November 5, 2026, felt like déjà vu for him, drawing parallels to those previous events.
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Lepard has previously drawn attention to systemic risks emerging in credit markets, citing recent commentary in the Credit Bubble Bulletin. He also recently commented on the U.S. federal budget deficit, which Bloomberg reported is set to approach $2 trillion for 2026 according to government projections. Both topics have been focal points in his analysis of current market conditions.