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Exactly. Of course the markets only factor in what they understand, and sometimes they get it wrong. But the relevant thing about it is that the market is bett
by ptaipale 10y ago
Exactly. Of course the markets only factor in what they understand, and sometimes they get it wrong.
But the relevant thing about it is that the market is betting in the real, hard money it trades with, not political punditry which is where the disaster is being pronounced.