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per @dc_kurtz (ht) this should cause free traders to consider their positions and at least add shading
i generally like trade and corporations but they are machines and respond to incentives, and some incentives generated in these conditions lead to very bad outcomeshttps://twitter.com/Noahpinion/status/1181964700860346368 …
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It takes a while for long term effects to be felt. The decision to underinvest in California's utility infrastructure was taken in 1996, but only today do we find the lights going out. Suicide operations commenced no later than Black Monday 1987, probably much earlier.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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