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The Round Trip (EP.259)
Animal Spirits Podcast
Do Stock Prices Impact Things Like Hiring?
Companies take their cue from the stock market. Their priceis their currency, and it's the investor's willingness to subsidize or not whatever plans. But again, this is the fed threading the needle. If they could just harm the stock market and make the stocks good on 20 or 30 %, i think that's swell thinking. The other part of the narrative would be, interest rates went up a ton in a very short amount of time,. And maybe rates come back a little bit.
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