We need hard, incremental evidence to draw a necessary line between causation and correlation regarding what is to follow in today’s musings – the two can exist at the same time of course, but while causation explicitly denotes a relationship whereby one event is the cause of another; correlation simply implies there is a relationship between two events, and the actual dynamic of that requires further investigation.

And this week’s action in the financial markets stateside, cross-checked against those of the ...

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