Maple syrup-flavoured synchronicity
The world of economics and finance runs on equations, models, statistics, backtests and predictive analytics. It seeks out objective causal relationships that can be quantified and verified. The mantra “correlation does not imply causation” has been drilled into my head from an early stage. One of my first memories from undergraduate studies is learning about spurious correlations, like the relationship between stock returns and sunny days. [1] No prizes for guessing I was at a British university. Yet over time,