How about we all agree we are in an AI bubble but "for people who own stock, we're gonna keep them wealthy. We're not going to drive down the value of their stock."
At some point we just need to admit that it is no longer BREAKING NEWS when people who constantly file lawsuits and appeals file a lawsuit or an appeal.
@arpitrage@paulgp 1) Except for the pandemic, how many of the disasters that these papers use are plausibly exogenous unpredictable shocks?
2) What does that say about whether the US experience has been lucky?
@rdgrwbr@arpitrage@paulgp It is always possible that the period since 1990 was not representative. Still an open question. We look forward to redoing the exercise in 30 years!
#TreasuryBill auction participants for the 13 & 26 wk bills yesterday negatively impacted by the weekend's (incl. yesterday) bond market surge. Marker shows approx auction close. 26wk went for 4.7, likely 5+ had it been Fri or today.