“Just as many on the edge of suffering a heart attack have no awareness of the risk they face, our financial system is blind by design to the enormous systemic risks generated by central planning distorting price discovery for the political purposes of perception management.
The hard limits are hidden, and we will discover them only when it’s too late to modify the self-destructive behavior and policies we’ve pursued as “safe” and “forever.”
Charles Hugh Smith
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Investors need to take account of the real underlying condition, more than ever, when Financial Finagling has gone exponential.
Dollars Distort Our Understanding of Wealth
Most investors measure wealth in dollars — but what if the ruler itself is shrinking? Since 2000, the S&P 500 is up nearly 5x in dollar terms, yet priced in
