Surprised That Market Is Surprised (guest: Vincent Deluard)
The Market Huddle
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Inflation, Tangible Assets Benefit
Inflation reflects an increase in our collective preference for the present. In general, tangible business have a much higher debt load and that's because they can borrow against colatero. Intangible asset ar non exclusionry. Tangible asset are exclusionary. So anage of scarcity, tangible assets benefit.
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