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5min chapter
A Major Margin Call
The Compound and Friends
Is the Market Calling Bullshit?
S&P 500 had a 5% two-day rally that has since unwound. The fundamental issue that's causing this rapid rise in interest rates around the world is as well understood as it is, which is inflation. So are these people brain damaged or was this like a political promise they made that they had to go through with? Or did they not talk to each other? Is the Bank of England not communicate with the incoming PM? What is the source of something that seems on the surface this incongruous with civics and reasonable governance?
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