Core financial problems were only temporarily fixed in 2008/9. Quietly, a new framework has been put in place. The rights and definitions of deposits has clearly been adjusted, just as the system of deposit insurance has become increasingly fictional. It is time to think very carefully about both your deposits and long term asset structure.
Article 119
Broken Money, Broken Markets
Today’s new highs are increasingly mechanical, not fundamental — and in a broken market, your 401(k) is the exit liquidity.
