1/ Until a couple of months ago, people were commenting that the market was not pricing in political risk correctly (or at all).
It's finally waking up (two years into Great Weirding) and doing what looks like pricing political risk. The spell of surrealism has broken.
Conversation
Have you written anything that unpacks what you mean by The Great Weirding? I’d like to learn more.
1
Working on it. It’s part of the season 2 breaking smart essays and should be published in the next few months.

