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The Year of the Rug Pull

The Compound and Friends

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What's Going on With the VIX?

When the VIX historically spikes, it's because something unforeseen has come. Most of what we've seen over the last year, to a certain extent, has been predictable. I think people have positioned themselves for that and are now heading for it. The ability of central banks to print their way out of this mess was the first spread flag. We just happened to have started first and gotten more aggressive than anyone else early.

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