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Keeping it Simple | Ep.34: Have the Martians Landed?

Keeping it Simple with Simplify Asset Management

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Knowledge and Pretense in Finance

The recent changes in 2020 and 2021, with direct government spending entering consumers' accounts, shifted the economic landscape. Despite this transformation, the reality remains that human intelligence struggles to predict the future accurately. The Federal Reserve, acknowledging their limitations, attempts to make informed decisions despite this uncertainty. The renowned screenwriter William Goldman's words, 'nobody knows anything,' ring true in the finance world, where even the most knowledgeable institutions like the Federal Reserve face challenges in foreseeing the outcomes of their decisions on interest rates and the economy.

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