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Wall Street has a new slogan for why stocks keep going up as the world falls apart: ‘Nothing Matters’

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  • The mantra on Wall Street these days is “nothing matters.”
  • It seems no matter how huge the event — a debilitating virus ravaging China, the rise of Bernie Sanders — none of it matters. Stocks just go up, and in credit markets good debt trades close to junk.
  • Consider this an extension of the inertia that has gripped US policymaking. We are frozen in an uncomfortable moment, and it will take the realization of a powerful event to change our circumstances.
  • This is an opinion column. The thoughts expressed are those of the author.
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Source:: BusinessInsider.Com