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The Price to Sells Ratio of A
We miss pricing the federal reserve forced a lot of institutional investors to be out as long dated as possible a in buying earnings. If you wanted to own inflation protected securities, it was actually a negative yield. So we were destroying people's savings. And so then they're forced to sell so that their overall exposure goes down. That's called degrosing,. And we've been going through a very painful process of this degrossing. Hedge funds are doing it. Ah, in droves.