Betting Against The Gods Is Now Impossible
Comment of the Day

July 05 2019

Commentary by Eoin Treacy

Betting Against The Gods Is Now Impossible

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Eoin Treacy's view

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Every mania has a contradiction at its centre. In the 1980s, it was the Imperial Palace in Tokyo really was worth more than the entire state of California. In the 1990s it was earnings don’t matter. In 2000s it was CDS could absolve everyone of default risk. In this decade it is that no one loses money from negative yields.

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