BIAS is built into everything and understanding that helps fight that urge to lean one way. the reason why so many see a crash is simple, we are in uncharted territory. if a Pandemic can be totally ignored till an actual death on our soil and a trillion dollar run on banks not even cause a ripple in the days move you should understand extreme complacency is here. earnings? What earnings? The P of the E ratio is moving all right. The 18 plus months of TRANSITORY inflation is seen because to see anything else would cause a huge readjustment of future earnings.
The roaring 20's had many early proclamations of doom. It was based on foresight. people that understood the bubble we were in. if you want a better reason look no father than the dead of night placement of GOP Supreme Court judges, their lies under oath that they would NOT touch precedence like Roe. ALL the REPUUK judges with a political agenda have cozied up to mega money in an illegal outlawed way and flaunt it today. they attack the premise that they should be held to any standard. They are held to none and can rule of whether Trump is a KING while his spouse attempted to overthrow the government. Millions of dollars of gifts and job positions netting millions because of the Supreme Court appointment. Hiding the facts. On and on and at the exact same time pass ruling from a fake case already known to be fake yet ruled anyway to pass an agenda of ideology not constitutional law. As for the GOP presidential candidate that also is so outrageous so extreme that not a single person would have thought this even possible 10 years ago. A two time impeached, 4 indictment, defamation case lost on belief he gropes woman and boasts about it. His presidency was riff with graft and corruption. his incompetence in those 4 years was massive. His sedition, treason, extortion charges are already sealed with true impossible to refute TRUTHS! YET he is likely to be the next president.
So if you ask why (some) people see all these aspects of life out of whack i must ask how is it that all don't. The facts can't be disputed yet they are. the path we are on is obvious yet no one sees it. We are OBVIOUSLY in a multi-generational BUBBLE of epic proportions. 40 years of disinflation allowed for ALL asset classes to expand beyond anything we have ever seen before. Just look at an historic chart of stocks and excuse the hyperbolic moves as a new era in economic model, new innovations, FED magic bullet. Use any excuse you want the charts speak for themselves. The greatest invention since the wheel is crypto. It was allowed to become an entity in USA with no rules, no regulations, no oversight. One man controlled BILLIONS on a personal home computer. Had no track of millions, used it illegally and when the government stepped in they said they have NO IDEA what was pilfered or where it went.
We "see" what we want and excuse the rest. My above F-A-C-T-S are so unbelievable you would think we were a fledgling Banana Republic where greed and corruption was the only game in town. Yet we debate the US Stock Market might just be in one hell of an historic bubble? Nah, instead we are unanimously giddy over the future prospects. the new Paradigm argument? I wonder why all economists saw such a bright future right before the collapse? Tis a puzzlement.
AI
