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Vanguard’s Joe Davis on AI vs Debt, NVDA $4 Trillion, the US Dollar Plunges, Next Hot IPOs

The Compound and Friends

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Political Maneuvering and Market Reactions

This chapter explores the implications of a recent federal budget bill and its minimal immediate impact on the markets. It highlights the political dynamics, including a significant increase in the debt ceiling and vocal opposition from influential figures, emphasizing the tension between politics and investor sentiment.

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