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The Psychology of a Selloff

Trillions

CHAPTER

Is the Fed Going Ford?

With the fed removing liquidity, rolling off ther balance sheet a just in a few weeks, raising rates, likely there's not tobe monetary policy and fiscal policy that will support the consumer. So we're going to go into a period of adjustment. And i think over the long term, we'll have much lower returns than we've had even since two thousand eight.

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