alt Hacker NewsZitron has been talking about this for some months now. The numbers fluctuate, I think $6T is the highest I've seen but low-end is about $1T that doesn't exist today.
His latest newsletter (from today) also talks about this: https://www.wheresyoured.at/dead-money/
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I wish people would realize that Zitron is nothing but a grifter who saw an avenue for content and went all in.
I don’t even disagree with some or even a lot of his takes, it’s just he is singularly a content generator with a track to run on. Look at his previous work, it’s much of the same kind of attempts at being relevant. To me he’s nothing more than a drive time radio host, shouting about something just to fill the air
Knowing that Zitron wrote about this makes me think that 6T will actually be reached, given Zitron's abysmal track record.
An issue is that if you’d have believed him two years ago and taken your money out of the market or even shorted it, you’d have lost money over and over again while he’s continued to pipe exactly the same tune.
“Being right at the wrong time is as good as being wrong” - Howard Marx