@policytensor @stevehouf You are right. There is a goldilocks scenario one could develop here in which $-strengthening and Japanese pullback

@policytensor @stevehouf You are right. There is a goldilocks scenario one could develop here in which $-strengthening and Japanese pullback is synergistic. But there is also a more disorderly scenario which folks e.g. @matthew_pines
seem to be worried about. I should have spelled out both options.

related posts