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Banks Get Distracted by the World Cup

(Bloomberg) The World Cup kicks off today, minutes after this newsletter publishes, which means that there will be no finance news for the next month. That will make this newsletter a bit of a slog, sorry. So I guess let’s talk about the World Cup? There is a long tradition of investment banks publishing research notes in which they predict the winner of the World Cup using some sort of half-baked statistical method.

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