To try to group/summarize the discussion in the comments and offer some replies:
1. ‘Traders are not thinking about AGI, the inferential distance is too large’; or ‘a short can only profit if other people take the short position too’
(a) Anyone who thinks they have an edge in markets thinks they've noticed something which requires such a large inferential distance that no one else has seen it.
(b) Many financial market participants ARE thinking about these issues.
The prospect of AGI is not a Thielian secret.
(c) Do make sure to read section X on “Trade risk and foom risk”, where we acknowledge that if you are both (i) extremely skeptical of market efficiency, and (ii) think foom is the likely takeoff scenario, then trading seems less like a good idea.
2. Stocks versus bonds
3. Other empirical evidence on real rates
Thanks for curating the post!
Just a quick comment to highlight the responses which we have given to the list of disagreements, and to tweak your summary a bit to better reflect what I (not to speak for my other two co-authors) see our post as saying:
Edit: As it turns out, there's a nice third party summary which even more concisely captures the essence of what we are trying to get across!