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And there is too much money chasing too few assets because capital is over-concentrated (which, to be fair, was the point of money-printing; shoring up over-lev
by underlipton 1y ago
And there is too much money chasing too few assets because capital is over-concentrated (which, to be fair, was the point of money-printing; shoring up over-leveraged entities on the bad side of a given trade so that they wouldn't have to gasp close their positions and diffuse that wealth across their counter-parties.)