Trump pulls out of Paris Accord, stocks rise. Why isn't the end of civilization priced into the market?
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Not true. Macro variables that market cares about only run into next few quarters. Never years and decades
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you missing his point
End of conversation
New conversation -
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'macro variables' does not imply 'long-term'. E.g., aggregate demand over the next year is a macro variable, but quite short term.
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It is....most everyone is shorting the planet...
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