there's something important about that idea.
something about hypernutrition producing distortion and dysfunction, aka resource glut producing insanity, maybe related to the notorious foolishness and irrelevance of hereditary aristos after the Nth generation (some say 2 or 3) and the notorious lapse into frivolity and psychotic delusions of grandeur in the elite of wealthy empires...
too much affluence/security makes us not only complacent but stupid?
hmmmm (food for thought) The difference between theory and practise in practise ...
I don't completely agree, but it's an interesting point.
What is wrong with this reasoning? We have met the enemy, and he is us — Pogo
Hence 'rational market assessment.'
On the particular of the yield curve, the only part where some serious forecasting gets into it is IMHO the first 5 years, because all traders are short sighted. If actual sensible inflation trends over 20/30 years were priced in, long term rates should be 40% and the states would quickly rediscover the virtue of balanced budgets.
As to what this would do to the markets, well they would get even more greedy and short-termist actually, because the tail-end of future cash flows would be totally worthless. But at least the greediest would exit the home mortgage market since it's very long duration. Pierre
kidding, right?
o yes, definitely
most assuredly so...
a little hunger is a fine stimulus.
the predator class raise their children in a bubble, on koolaide.
there's no neurotic like rich-neurotic!
the kind of 'solidarity' they share is inauthentic, based on class.
if the poor are miserable, they know whom to blame, the rich have only therapy...
'relax, you're rich, you can afford to....'
lol ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
