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The most interesting debate going on these days is about consumer sentiment. The US economy has outperformed expectations by most metrics. The stock market is booming, real GDP is at potential trend, wages are growing solidly, consumers are spending, etc. And yet consumer sentiment surveys remain very negative. What gives? I think I know what’s going on ...
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Bitcoin’s value hit a new record this year, exceeding its Covid-era high and shocking investors. Here’s what that 2021 rally can show us about this year’s spike—and the crypto market’s $2.6 trillion market capitalization.