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"We've had too many bad Augusts"

And we might be setting up
for the worst one yet


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The markets are human
and humans are disorganized in August

Can it really be that simple? Thinly manned, inexperienced, poorly supervised trading desks panicking en masse while everyone is on vacation? Rendino said that he's concerned that the false left-right paradigm will create problems for GDP growth. He ended up being quite right about how messy the process was.


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