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The Powell Put Won't Save Stocks | Joseph Wang

Forward Guidance

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The Fed Is Going to Screw Up Really Badly, Really Quickly

A inversion of the Euro-dollar curve is not necessarily something to be alarmed about. Jerome Powell has said that private coins could compete with a central bank digital currency. Whether or not there's a CBDC, I think this is ultimately a political question. But just from a practical standard, I'm not sure why we need one.

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