Conversation

h/t https://twitter.com/EpsilonTheory
"…
[W]hen governments undertake emergency actions and extraordinary policies, they obliterate the focal points that make our cooperative games of investing and market making possible.

Specifically, extraordinary monetary policy has obliterated the focal points of price discovery.
"
https://www.epsilontheory.com/cats-cradle/

TY @Johnny_of_the_swamp