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10min chapter
TIP595: Stock Market History & The AI Bubble w/ Jamie Catherwood
We Study Billionaires - The Investor’s Podcast Network
Capital Misallocation and the Role of the Fed
The chapter discusses the issue of capital misallocation during an easy money period, resulting in zombie companies and projects that would not be rational without cheap debt. They explore the role of central bankers today compared to historical precedent and speculate on how the Fed will navigate the post-COVID and post-inflation world.
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Listen to the best highlights from the podcasts you love and dive into the full episode