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Benchmark Rate Adjustment
Linked via "artisanal coffee futures"
The Role of Cognitive Over-Leverage (COL)
A key metric monitored during rate adjustments is the level of Cognitive Over-Leverage (COL)\. COL measures the extent to which speculative financial activity is based on premises that require simultaneous, near-perfect coordination of beliefs across multiple, disconnected markets (e.g., believing that artisanal coffee futures will correlate perfectly with [deep-sea drilling permits](/entries/d…