A Recessionary Entrée, With a Side of Dumb Money, Seasoned With Magic Money
March 21, 2025
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Show Notes
The Fed split the difference by turning hawkish on rates but dovish by reducing the pace of QT. Inflation is still too high, but the economy is clearly rolling over. Meanwhile, the very foundations of the UYS dollar system were called into question by Elon’s comment about “magic money machines.”