Yes this is a wild revision but not unexpected. Market is taking it in stride.
Shared delusion?
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Interesting way of putting it. I do think there is a lot of imbedded intellectual dishonesty in fiat markets. It's possible that the majority of tradfi is just the living embodiment of the famous Upton Sinclair quote "It is difficult to get a man to understand something, when his salary depends on his not understanding it".
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