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#1175 Raoul Pal On Bitcoin And The 2023 Financial Crisis
The Pomp Podcast
The Fed Balance Sheet Goes Up, Therefore, Equities Go Up
The S&P 500 is 97 and a half percent correlated to the Fed balance sheet. If you divide it, the S&P by the Fed balancesheet, there is zero growth in the equity market. It looks just like the European equity market. All of this is optics, but it's all quantitative easing," he says.
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