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Where is the Crash?

The Compound and Friends

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Connecticut Passed a Bill for Baby Bonds

The SVB rescue was like a Midwestern- It had to be. The big debate is more like how you fund it. Connecticut just passed this thing for baby bonds. Every financial blogger who writes about behavioral finance would agree, this is probably good. You're getting paid for it with the enormous discount that they trade at. They have relatively little credit risk because all of that commercial real estate was regulated out of their portfolios after the financial crisis.

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