BUT IT DOESN'T....
WE HAVE TRANSENDED SOMETHING ... LATELY...
I DON'T KNOW IF "MARKETS' OR "REALITY."
PERHAPS ITS BOTH..."REAL MARKETS!!"
EVERYTHING IS SO MANAGED NOW... THERE ARE "FLOORS" AND "CEILINGS"...AND TRADING RANGES....
AND NONE OF IT IS BASED ON THE REAL ECONOMY OR SOUND MACROECONOMIC REASONING...
THE MARKET SEEMS TO HAVE BECOME LIKE A POKER GAME AT THE OK-CORRAL....
ANYTHING GOES...AND THERE ARE WILD CARDS GALORE...!
WHO KNOWS WHAT HAPPENS NEXT... THERE IS NO HISTORICAL PRECENDENT FOR THIS... EXCEPT PERHAPS IN THE EARLY DAYS OF THE WIEMAR DISASTER...WHICH IS HARD TO READ ABOUT...
BECAUSE THEN, LIKE NOW, THERE WERE SO MANY COMPETING INTERESTS MAKING DEMANDS ON THE GERMAN BANKS...THAT IT'S HARD TO BLAME ANY ONE INTEREST IN PARTICULAR...
OF COURSE LATER...WHEN THE HYPER INFLATION HIT... EVERYONE KNEW WHO TO BLAME... THE CENTRAL BANKS AND THE GOVERNMENT...
BUT WHEN THE GOVERNMENT TAKES THE FALL FOR A NATION'S DECLINE...
BAD THINGS HAPPEN... AS WE ALL KNOW!
