MacroVoices #348 Eric Peters: On The Road From Mean Reversion To Reflexivity
Macro Voices
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What Has Globalization Done to Markets?
In the last few decades, we've been in this period of globalization. It's allowed economies to become ever more efficient, also fragile, but ever more efficient. Politicians becoming much more important features of the market. And so once politicians get engaged, all sorts of wild things can happen because politicians are so different from one another.
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