4min chapter

The Compound and Friends cover image

Bad News is Good News

The Compound and Friends

CHAPTER

What's the Point of Active Passive Management and the US Stock Market?

Kylo: The Federal Reserve is raising rates. That creates a safe haven for the dollar, as you all know. And that is just wreaking havoc on countries that have dollar-denominated debt. So this isn't the first time this has happened. We've seen this and it created quite a lot of havoc. It really ruined the economies of emerging markets for years in the 90s.

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