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Indeed, closing the spigot without a deflationary spiral of the ponzi has been pretty magical to watch, like moving a bridge during rush hour traffic.
The best still yet to come, pent up tax returns / witholdings going to hit the economy like stimmy checks without the stimmy optics right into mid-terms... fucking golf clap.
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The size correction is less significant than the scope correction. All the shit that's been downstream of USAID, ED, and CPB is clearing the system.