Uh, yes. Have you not been paying attention to the weekly "what potential fed action is the market pricing in this week?" articles? Efficient markets take into

Uh, yes. Have you not been paying attention to the weekly "what potential fed action is the market pricing in this week?" articles? Efficient markets take into account everything from politics to corruption to the odds of natural disasters. I'm not sure where you read otherwise. You think investors don't price in the political risk of dealing with, say the Chinese government? You think bond investors aren't paying attention to the fed?