#268 Phil McAlister; Optimist's take on Inflation, Commercial Real Estate, Economy in 2022
bubblesmoneyinstitutions
“I think a lot of people think that they are these like wizards on high that are carefully controlling the economy... but I don't think they have that much control.”
“The gears that they have are predominantly bully pulpit and signaling to people how expensive it is to denominate things in the dollar. But that's all the power they have and everything else they do is public relations... smoke and mirrors.”
“The more share that passive gets, the less liquid the other side of that trade is because they're all... literally can't sell... you can get this massive ramp up and like a crazy free fall just from the plumbing that's associated with these index funds.”
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