> Besides the mortgage bubble, the market has only seemed to get smarter over ti... | Hacker News

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		zimpenfish on Sept 30, 2022 \| parent \| context \| favorite \| on: UK pensions hit with margin calls as gilts and ste... > Besides the mortgage bubble, the market has only seemed to get smarter over time. An incongruous comment on an article pointing out that the market has got dumber (ie turning the "should be perfectly safe in gilts" UK pensions market into "hours from 90% collapse because we gambled with shares")?

Aunche on Sept 30, 2022 [–]

The is the weirdness that I'm talking about. If interest rates are lower than inflation, it's impossible to make money without taking risk.

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