US EditionMarkets Now Demand a Discount for U.S. Policy Madness
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Markets Now Demand a Discount for U.S. Policy Madness
Investors often talk about premiums… A risk premium… A growth premium… A liquidity premium… Now, the U.S. faces something entirely new: a moron premium. That’s not my term. That comes straight from the Financial Times. The publication said this “moron risk” weighs heavily on U.S. markets. Chaotic top-down decision-making is forcing global investors to reassess their exposure to America. That’s a big deal. For decades, the U.S. enjoyed a stabilit…
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