1/ There is a growing narrative that the market's apparent confidence in Trump means all is well.http://marginalrevolution.com/marginalrevolution/2017/02/vix-show-far.html …
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5/ (And here I don't mean just Muslim countries: reputatational damage means the US loses cream of talent from everywhere)
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6/ Insurance costs: "things are fine" doesn't happen by magic.Checks and balances work because some pay disproportionately to ensure they do
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