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MI Rewind: Could This Time Truly Be Different? NFTs, Macro, Crypto, Bitcoin w/ Raoul Pal
Millennial Investing - The Investor’s Podcast Network
The Death of the Macro Environment
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The most macro instruments in the world are bonds and forn exchange. The biggest ever trend in all history, which was the falling of interest rates from 18 % when those boomers were 30 years old, to now where it went to zero. In europe and switzerland and the uk, and australia, new zealand, we've had negative rates tat's o but that's not much further than here. We actually live in a dollar world. Everything is a side show. I soy the dollar is more dominant than bitcoin is in the crypto world. If you invest in emerging market currencies or commodities they will go down if the U.S. dollar goes up.
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