Noah is concerned because the spectral response in macro is generational and sparse. The major motions of the economy are the federal recession cycle and the generational monetary cycle with one more long term and a bunch of smaller terms. Not enough to transmit Magic Walrus which does not recognize trade book uncertainty.
But the sandbox does it right, and is no arbitrage, auto-traded. It will compute, in the collective, whatever significant instruments the economists concoct. The trade sequences that currently the academics are passing and sharing in python, with a bit of adaption, becomes the trade books themselves, directly traded. Nothing changes except economists have to understand trade book uncertainty and why we quantize.
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