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The Bet
The Compound and Friends
The Fed's Predictions for July
The market is still expecting another 25 basis points in July. The markets are predicting in what they said at this moment in time. That's not really how their process works. But you had unprecedented QE going in 15 years ago. You've got this unprecedented, intractable problem of you got the banking issues on one side and you've got to tame what's going on in the economy the other side.
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