There are always going to be risks. That’s the nature of our world. But you have central bankers who try to calm the markets and tell them they’ll be there to make sure a crash never happens. Conveniently, every so many years, there’s a crash. “Nobody saw this one coming!” Yet they caused the crisis in the first place. It’s a joke. Don’t believe them.
Do you believe that the central banks (The Fed) purposely cause a collapse?
Every day it seems that more and more risk is present in the system. One event after another takes place and suddenly people forget about the previous one, yet the underlying risk is still there. There can never be a time in which risk will not be around but surely, we are in a time where our fragility and the potential for disaster has seldom been more obvious.
FOMC Meeting Transcript, October 23-24, 2012
JPM etf flows.jpg (415×431)
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