The Odds of Buying a Punk

If punks go from 54 to 74, you could sell it for a profit and you didn't. As long as these incentives are in place, the loans are going to be cheap. You're basically being subsidized to go leverage long on punks right now because people are willing to give you loans at almost the entire value of the punk. It's kind of a weird thing. I keep saying there's a lot of reason.

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