“Megacaps [stocks] are the best bank in the world right now.” —Talking head on CNBC
Discussion
😂 ngmi
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... until they are not.
While stocks are not fractional reserve (some are), the stock market will inevitably deflate once the economy goes down the drain.
Absolutely. See my next note.
Meanwhile…
https://www.reuters.com/technology/fintech-stripe-valued-50-bln-after-65-bln-fundraise-2023-03-15/
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Well that doesn’t sound great for stripe 