Raoul Pal & Michael Howell: Why Liquidity Matters More Than Anything Else
Real Vision: Finance & Investing
00:00
The Importance of the Fed Balance Sheet
The S&P went nowhere since 2008. Gold actually didn't go anywhere, so I offset the debasement but didn't actually gain anything. The only ones that did were crypto and technology because they were secular trends. And those two massively outperformed the Fed balance sheet.
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