Fiscal default is nigh, insist the doomsayers: repent and retrench before it is too late. Yet I have a question: do we believe that markets are unable to price anything right, even the public debt of the world's largest advanced countries, the best understood and most liquid assets in the world? I suggest not. Markets are saying something important.
灾难预言者坚持认为，政府违约就在眼前：赶紧忏悔和缩减开支吧，否则就太晚了。但我有一个问题：我们是否真的相信，市场无法对任何产品做出正确定价，哪怕是manbetx app苹果 各大发达国家的公共债务这种人们了解最透彻、最具流动性的资产？我认为答案是否定的。市场正在传达一些重要信号。
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