2min chapter

Animal Spirits Podcast cover image

No Soft Landing (EP.282)

Animal Spirits Podcast

CHAPTER

Is Everything Correlative to Fed?

It's not like markets have gone straight up. But in terms of wind out the backs, valuations expanding, you can't argue that. The Fed is tightening to a degree that they've never done before and they're cheering for the stock market to go down. So it's not like you can say this market is normal either. It took the pandemic and a fiscal stimulus to get this huge ground self speculating. That wasn't the Fed.

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