2min chapter

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The Fed is Being Punished (EP.261)

Animal Spirits Podcast

CHAPTER

The Higher It Goes, the More Demand There Is

The stock market is ultimately governed by earnings, like zumaud and the market will follow earnings. Crypto is based on belief and faith; i don't know how you get to any sort of intrinsic value. They generate a higher demand in prices rise, creating a upward sloping demand curve. That's what crypto is. The higher it gos, the more people wantid t. And so i was watching the mba finals game last night. How great is this series, somebody was winning very much. So for the warriors, the last night was fantastic.

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