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13 sats \ 2 replies \ @Undisciplined 10 Apr \ on: Benjamin Sad: Exorbitant Privilege (FT, Wigglesworth) econ
I'm not sure how much there was to learn from that little panic. Something unsustainable is happening if the Dollar and Dollar denominated assets are all down.
Doug Casey likes to say "It's metaphysically impossible for everything to be down."
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26 sats \ 1 reply \ @denlillaapan OP 10 Apr
Contracted leverage? Asset classes? Money creation/deflation?
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0 sats \ 0 replies \ @Undisciplined 10 Apr
His point is that if prices all decline, that's equivalent to saying the dollar strengthened, because all prices are exchange ratios.
Did something spike during the crash to offset all the declines? I think there were probably some big arbitrage opportunities that would have gotten worked out pretty quickly.
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