All-In with Chamath, Jason, Sacks & Friedberg
Markets turn Trump, Long rates spike, Election home stretch, Influencer mania, Saving Starbucks
Zach
First, we had trillion-dollar deficits as a result of the 2008 GFC, and then those got normalized. Then we had $2 trillion deficits as a result of COVID, and those got normalized. And then the Fed was also doing QE, which means that it's buying the U.S. government's own bonds, thereby propping up U.S. bonds and the bond market.
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