How do you unrig a speculative rigged market? You don’t. It simply crashes into a putrid sinkhole.
I’d say more about Big Tech but since they’ve ‘privatized totalitarianism’, I fear being ‘digitally disappeared’ if I dare criticize Big Tech.
The Fed has a binary choice: preserve America’s global hegemony or further enrich the billionaires. You can’t have both. <
Allow me to translate the risible claims of Jay Powell and Janet Yellen that their stimulus policies haven’t boosted wealth inequality to the moon: “Let them eat cake.”
The consensus is that asset inflation is unstoppable and forever. History begs to differ.
Yet it still comes as a great surprise to everyone when ‘doing more of what’s failed spectacularly’ ends up collapsing the whole rotten structure.
Systems and nations are designed to fail
If you don’t discern any of these dynamics in the present, what are you choosing not to see?
Is that a red flashing light on the control panel of “the man behind the curtain”?
If we have indeed begun a sustained “reversal of fortune”, it might be prudent to consider the possibility we’re only in the first inning of a sustained run of back luck.
All the tricks to hide our unaffordable cost structure have reached marginal returns. Reality is about to intrude.