Aside from the failed intervention, what stands out is the decline in the momentum indicators (as would be expected since the price can rise past 7.85). The market was stretched in April when the limit was hit. Now we're back at the limit and it's situation normal.
Why Is a Sensible Immigration Policy Discussion So Hard?
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Why is the choice between shutting down the border and no controls at all?
And what about demographics? Fertility rates?
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