Second Stimulus - Central Bank monetary stimulus second derivative is called concentration of power, both politically and economically, and works for both oligarchs and politicians. Flattening of yield curve and valuations does not matter concentrate power in strong public and private hands.

5:09am PDT - October 24th, 2021

Central Bank monetary stimulus second derivative is called concentration of power, both politically and economically, and works for both oligarchs and politicians. Flattening of yield curve and valuations does not matter concentrate power in strong public and private hands.

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Jorge Dorta (@menceymacro)