3min chapter

Coin Stories with Natalie Brunell cover image

Danielle DiMartino Booth: New Fed Rate Regime? What If Nothing Systemic Breaks to Force Fed Pivot

Coin Stories with Natalie Brunell

CHAPTER

What a Great Story! You're a DLJ

I was in school during 9-11. I kind of got to see the, the invisible hand of the fed feeding bubbles. Didn't know what it was though at the time. You just knew that there was some force that was distorting valuations. The beauty of being a DLJ though was I was in a bank where there was a massive merchant bank. And so the denizens of private equity walked the halls. They wonder why there's so little regulation and so many things that go wrong. It's because the non-banks are bigger than the banks. At the end of 2020 globally on the conventional banking system globally was $180 trillion. So to think that this cottage industry

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