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26 sats \ 1 reply \ @denlillaapan OP 10 Apr \ parent \ on: Benjamin Sad: Exorbitant Privilege (FT, Wigglesworth) econ
Contracted leverage? Asset classes? Money creation/deflation?
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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