And on a more serious note: @snageebali.bsky.social and i have a recent paper in @aeajournals.bsky.social that shows that application portfolios become more aggressive when beliefs are more optimistic:
rshorrer.weebly.com/uploads/2/4/...

References:
Goodman, Allen C., et al. "A Few Goodmen: Surname‐Sharing Economist Coauthors." Economic Inquiry 53.2 (2015): 1392-1395.

#econsky @ec.europa.eu @competitionandmarkets.blog.gov.uk.web.brid.gy @autoritedelaconcurrence.fr

Then you're not keeping up with the Eagles...

I guess everyone is done with bidding