3min chapter

The Compound and Friends cover image

The Year of the Rug Pull

The Compound and Friends

CHAPTER

You Can't Re-Invent Lending

The first rate hike they had done since 2018 was 25 basis points. The market went down 19.9% from Halloween of 18 until Christmas Eve. Jerome Powell got scared by current President Trump back then, who brow beat him into submission and he got scared by the market and went down. So I loved Jerome Powell up until the point that he flinched. And I happen to now like him again until he flinches again.

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