tapering quantitative tightening from 60 billion to 25 billion, because, you know, what's the most visible problem we have right now is we have a big deficit of more than 2 trillion a year. So, by doing patchworks like tapering the QT, that by itself reduces supply by about 400 billion. I mean, that's not a long-term fix. It's a short-term fix, but it kind of like reduces volatility in the bond market until we get to election time. So, my framework was observe what the policymakers are doing, and it's not just on the monetary policy side. It's also on other policies. For example, at the beginning of the year, I bought cannabis stocks because I saw that almost 80, 90 percent of Americans were in favor of marijuana reform. And I was expecting policymakers to be very driven to reschedule marijuana from schedule one drug to the schedule three drug, which they're in the process of doing. And, you know, the marijuana stocks had like a 50 percent rally since, but that's just a function of (31/57)
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