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Is There a Point Where the Bond Market Is Going to Blow Up?
People have no idea what to do with the money. The interest rates, real interest rates, are going steadily more negative. I and so there's some sense in which this system of indefinite optimism is gradually a, a sort of running out. And we can sort of see how this indeterminacy affects us in very, very many different fields. So if we look at politics in an indeterminate world, um, the most important position in politics is the polster. And what do you do in politics? Nobody has a clue. There oviously ar cases where this goes very badly wrong.