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What Is the Problem With Meamstocks?
The 19 seventies are an interesting parallel, because you saw the end of a low interest rate environment simultaneous to a peaking in the equity market. Yer that the question will be, how do investors interpret what this rise in rates signifies? Right now, it's pretty clear we're associating with it inflation. But it becomes a very different story if the signal means something different to the crowd.