I am fascinated how human intelligence gets so easily withdrawn when emotional bias takes over. The Pandemic, the same people that gave such illogical explanations why to ignore it are once again being told to ignore this crisis and any implication going forward. And they have the EXACT same Audience. Seems no one cares how good or bad you are in your assessment as long as you CONTINUE to give them what they want to hear.
Imagine following someone's advice on the Pandemic and either losing a lot of money or never taking advantage of such a drop and NOW well they forgive and forget. they do more than that, they follow the same person again and again. When confronted with these glaring discrepancies there is total silence and internal justification. They go so far as to BAN me because i insist on an answer.
I was just told that the FED has taken over all bad loans and bank investments and will somehow someway recoup that in a later date. I read One trillion of troubled investments was due this year and next. ONE TRILLION! That is just here in the USA. So it stands to reason the street should take a sigh of relief that it no longer matters if rates and inflation is still too high. But they do and this notion that our all encompassing savior will prevent all bad bets, all greed, all hubris from being a future problem is so ridiculous. how so? Well just look at the last 4 decades of outrageous speculative gambles with NO consequence and tell me this one is any different? The pattern is the same, FED to the rescue. The problem is that NOW we have a thing called INFLATION that we never had before. NOW the FED has to IGNORE inflation in order to bail the world out once again with get this ZERO consequences? What a world. Time to hit the casinos.
