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Patrick McKenzie@patio11
If I had a dollar and could sell it for $1.03, and that required warehousing the dollar for a year, I’d want to shut down this process when the Treasury rate was above 3%. If OTOH I could do that every day, I’d want to do it every day. https://t.co/oJq9HJm91H
1751 558/19/2024
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