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Andy's avatar

Quite a dark piece with some distrurbing conclusions, definitely a lot to ponder. Enjoyed it, thanks

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Steve's avatar

A great read ... concise and clarifying descriptions of previous capital market misallocations** that parallel our current mess.

** Weimar, Asian Contagion, GFC and QE+++...

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Andy Fately's avatar

Whether or not Twain said the part about history rhyming, we do know Santayana clearly said, "Those who do not remember the past are condemned to repeat it," and I fear that is a lesson that policymakers are about to relearn.

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