Don’t you see it, anon? Western dominance is predicated around excess and lack of austerity The market has not yet realized the admin’s attempt to grow our way out of problems/debt is an admission that austerity is IMPOSSIBLE
Now imagine a market that has for years been expecting some form of imminent deflation (either economic or in risk asset pricing), forced to suddenly re-price all growth expectations on the premise that no austerity will be exercised
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