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12 Things Everyone Got Wrong About Inflation

The Compound and Friends

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Schwab's Stock Falled From 100 to 50

The big concern about Schwab is that you were going to see a lot of the account holder base migrate away from holding their money market funds. When everyone is afraid of something like that, you can get a panic very quickly. The fears were partly justified because a ton of money left their low. They're basically non-interest bearing accounts and went elsewhere which significantly drove up their cost of capital and squished their margins.

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