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Entering the exponential age with Raoul Pal

The Wolf Of All Streets

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Bubbles, Commodities, and Correlations

This chapter explores the concept of bubbles and how they relate to failed innovations, as well as the mean reversion of commodities. It also delves into the correlation between the weakening of the dollar and the increase in stocks and metals, including Bitcoin, and discusses the challenges of forecasting currencies. Additionally, the speakers emphasize the misconception of short-term correlations in the market and highlight the impact of VAR shocks on asset correlations.

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