The Paradox of the Unbearable Lightness of Markets – The World Is Bad, but Finance Is Better.
The investor prefers to enjoy the summer by putting aside the bad news about the world that is piling up.
The world is bad, but finance is better. While the real world is plagued by bad news, the markets seem to have moved on. Who would have bet on a 10% rebound in stocks in the summer of 2022? Probably the same person who would have bet on an interest rate easing of almost 0.5%. Indeed, anything that lowers interest rates raises the rest. Today, rates act …
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