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The market is at its hottest in years—and a shadow of its former self
Oil prices are already at a five-month high
They will also expose California’s faulty insurance market
It is a finite, sequential, incomplete information game
The country is no longer the most populous without a bourse
The innovative form of insurance is reaching its limits
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
An enormous prize is on offer. When might it be grasped?