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Bitcoin was Made for This & Swan Private Macro Friday - March 17th, 2023

The Café Bitcoin Podcast

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NASDAQ Stocks Should Not Be Juicing NASDAQ Returns

The discount window is used when they are stresses in the system. The implied rate that you are discounting future cash flows at for NASDAQ stocks, I would argue, should be higher. That's why the NASDAQ will need to see a pause in the Fed increasing the overnight rate in order for them to get juice. This is systemic, allowing the system to survive another day.

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