Bad! Good!

With markets in the end either a decision to buy or sell (or wait), everything is reduced down to a binary choice. (Wait being merely the green zero on the roulette table where the House always wins). That works brilliantly in a world of binary outcomes, such as monetary policy decisions, or the extremities of Fear or Greed. With liquidity abundant, quantitative models can plumb their decision nodes and bring it all down to a 0 or a 1.
This has been the dominant world order ever since the technological revolution got going two decades ago. UK pulls out of . . .

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