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BCB102_YAN PRITZKER: Free Markets, Liberty & Sound Money
Blue Collar Bitcoin
The Orange Pill of the Bond Market
Every one of these impulses, the first one that really got my attention probably because I was just old enough to really understand finance a little bit. The interesting thing about in the last week and this just happened, so it's top of mind is the way credit swees blew up... Bondholders are getting completely fucked and the equity holders are still getting a piece,. Even though it's a percentage, they're still getting something. That is completely the antithesis of how the capital structure is supposed to work.
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