2min chapter

The Compound and Friends cover image

Bearish but Priced In

The Compound and Friends

CHAPTER

The Wealth Effect

There's an argument to be made that hiking rates 450 500 basis points actually is a form of stimulus for certain For a certain portion of the country that now really feels the wealth effect. But people don't think in those times right they don't it's like earnings Nobody thinks of earnings in real terms right? So from that standpoint you could picture a scenario where a certain portionof the country that happens spent a lot of money Like kind of feels like this is better.

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