Climateer Line of the Day: Discounting the Apocalypse Edition

Today's winner of the prestigious CLoD is Peter Berezin of BCA Research who offers up:


"If the probability of doomsday is large, interest rates should be
higher than they are today; if there are multiple versions of 'you'
within a multiverse, you should prefer equities over bonds."

Yes indeedy, that's hard to argue with.

This metaphysical moment was brought to you by Bloomberg's Matt Levine