central banks Markets populism

‘The Negative Tail Has Become Fatter’: Extreme Outcomes, Policy And Populism

That goes for markets and society more generally.

That goes for markets and society more generally.
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4 comments on “‘The Negative Tail Has Become Fatter’: Extreme Outcomes, Policy And Populism

  1. Best synopsis of contemporary realities I have seen from H……. or anyone else for that matter… Thanks.. Will definitely need to read it twice.

  2. This should be required reading for every voter and politician. Though I fear 80-90% of them would either not understand it or believe it sadly. Well done H.

  3. This piece here, worth the price of admission! Best summation of the present insanity/fallibility loop I’ve seen. Thanks H!

  4. I echo all of the earlier comments. I don’t think H’s more critical readers understand just how difficult it is to capture something like this in one note. Would be interested in everyone’s views on whether the lingering effects of the suppressed rates vol will be enough to offset what is sure to be many years of deficit spending still to come. As long as populist policies don’t completely obliterate the “used to be” narrative described above, suppressed rates vol probably hangs on. If populism actually succeeds in scale and causes retrenchment in a way that people believe is going to be the new order, then watch out.

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