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Inflation Is Popping The Biggest Asset Bubble Of All Time | Michael Kao
Forward Guidance
Are You Not Locking in Yield?
If if it weren't for the fact that he made this sort of a, he painted himself into a rhetorical corner by saying he's going to spend every cent of liquidity on buying more bit coin. The significance of that is that you're not locking in yield. O i sold a bond at one %. No, you sold, you sold a loan at three %. And as interest rates rise, what you pay rises too. So you are chained to the fend. Essentially, you're not free.
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