Do we have the wrong denominator?
— Raoul Pal (@RaoulGMI) February 16, 2021
Many of us believe that Fed money printing is creating an asset bubble. But when we switch the denominator to the Fed balance sheet equities looks fairly priced... pic.twitter.com/ziniOgvOFc
via Twitter https://twitter.com/RaoulGMI
February 16, 2021 at 08:27AM
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