Are markets currently mispriced and late to what's to come? If history is any guide, one would at least find more than one incident when this was the case (see below). In our latest Substack newsletter we give you the necessary context to understand the current situation. "𝐖𝐚𝐫, 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐁𝐞𝐚𝐫: 𝐖𝐡𝐞𝐫𝐞 𝐖𝐞 𝐑𝐞𝐚𝐥𝐥𝐲 𝐀𝐫𝐞 𝐍𝐨𝐰": https://t.co/H1pSaSnazg
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