The world order, in terms of socio-economic and politico-legal structures, is for sure changing, but it's more a matter of demographics and communication.
We have shattered certain assumptions about the world economy to ensure the continuing welfare of the oldest of us. This is an unprecedented act of selflessness by everyone younger than seventy-ish, because we love our elders so.
The real change in the world order is logistical, which has caused significant re-pricings of almost everything (even the things that are roughly the same price are so in a very different set of market conditions).
It is no longer a matter of how nations compete but how they collaborate, and the markets are adjusting accordingly.
I'm quite optimistic, but then I study Science.
[Edit (apart from mis-spellings)]:
The shattered assumptions pertain to debt management by governments, which are trivial compared to the volume of daily trading. We are in for a reckoning on resource measurement hopefully not of catastrophic proportions and this pandemic is merely a spur. In a nutshell: money fails dimensional analysis.
[Edit the second]:
By the way, if any of you would like to get together and discuss type theory and dimensional analysis and maybe reach out to the folk on the n-category cafe and lambdatheultimate and suchlike I'll happily help. We've a problem needs solving and Hacker News is populated by folk who like solving problems. I'll end (cheekily, give it a search engine result) with a reference to Terence Tao: A mathematical formalisation of dimensional analysis. I keep coming back to this blogpost. The subject kinda weirds me out.
I’ve worked personally w Ray and can attest he’s the real deal.
If the “financial circles” you run with don’t respect $100bn+ AUM, there not really “financial circles,” sorry.
If you want to make up your own mind, take a look at their work on debt crises. Sometimes hard to see how it connects to day to day trading, but not the hallmarks of a fraud.
We have shattered certain assumptions about the world economy to ensure the continuing welfare of the oldest of us. This is an unprecedented act of selflessness by everyone younger than seventy-ish, because we love our elders so.
The real change in the world order is logistical, which has caused significant re-pricings of almost everything (even the things that are roughly the same price are so in a very different set of market conditions).
It is no longer a matter of how nations compete but how they collaborate, and the markets are adjusting accordingly.
I'm quite optimistic, but then I study Science.
[Edit (apart from mis-spellings)]:
The shattered assumptions pertain to debt management by governments, which are trivial compared to the volume of daily trading. We are in for a reckoning on resource measurement hopefully not of catastrophic proportions and this pandemic is merely a spur. In a nutshell: money fails dimensional analysis.
[Edit the second]:
By the way, if any of you would like to get together and discuss type theory and dimensional analysis and maybe reach out to the folk on the n-category cafe and lambdatheultimate and suchlike I'll happily help. We've a problem needs solving and Hacker News is populated by folk who like solving problems. I'll end (cheekily, give it a search engine result) with a reference to Terence Tao: A mathematical formalisation of dimensional analysis. I keep coming back to this blogpost. The subject kinda weirds me out.
[Edit the third]:
Removed the first paragraph as snarky, mea culpa