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@ 𝕞𝕪𝕡𝕒𝕥𝕙𝕥𝕠𝕗𝕚𝕣𝕖
2025-05-09 15:23:28I think it is more that they have cheap access to debt markets so they can short the currency to gain advantage over smaller competitors who don't have access. The cantillion effect or TradFI morons call it the Modigliani-Miller Theorem.