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No one with money sees how bad it’s getting at the bottom, they will be the last to see it, I guess.
A lie, or just something that too often gets conflated with “the economy?”
The understanding of geopolitical crises as a historical constant steadies the markets in a storm.
Is a lack of alternatives also a factor? If I think crises are worse now than they are usually, does that imply that there’s somewhere better than the stock market for me to put my money? I don’t think so.
