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Keeping it Simple | Ep. 22: Bank Runs Are Good For Stocks? Right?

Keeping it Simple with Simplify Asset Management

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Are You Surprised by the Excess Liquidity?

I was very explicit in my statements that beyond December 2022, it would be very difficult to maintain those levels of inflation. But it does feel that it's persisted longer and in a more sustained framework than either you or I would have thought possible. And we led our first quarter letter with word disaster, which was a reference to the tremendous cost of living crisis. About 180 million or folks have experienced a 3% decline in their standard of living in both 2021 and 2022. That's the worst cost ofLiving crisis in 42 years.

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