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600: Mikestrodamus

1388.745 - 1410.105 Chris

Yeah, tech's going to take this one hard. Harder than most, I think, actually. Yes. And that wasn't the case in the 2008 recession. And so what Mike is saying is that when the Fed dropped the interest rates, they made the price of money to the banks essentially free. And so the way money gets created in the U.S. economy – this is a broad statement. It's not the only way.

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