Goodhart's Law has a Half Life and 2nd Place to America is Very Distant

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America is the king kong of markets and dwarfs the rest of the planet. It is the only game in town for scaled upward mobility. Everywhere you look, someone is calling for the next big American crash. The Big Short and Margin Call became popular. Everybody wants to be Michael Burry now. I've caught myself doing it too. People keep pointing at the 1970s, 1999, and 2008 as premonitions as if the…

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