Excellent! A way to paraphrase your story is that "analyzing" present creates perception of work and requires no competence while understanding requires hard work of learning. Though, ZIRP, QE, forward guidance, too big to fail and other forms of bailouts have incentivized "busy-work" way over that of learning. Incentives define the outcomes
Halfway into the article, I thought to myself,
"No one knows shit about fuck all, and by embracing the chaos, TLBS is the only one speaking sense now."
And then I read the last paragraph. 😅
Excellent! A way to paraphrase your story is that "analyzing" present creates perception of work and requires no competence while understanding requires hard work of learning. Though, ZIRP, QE, forward guidance, too big to fail and other forms of bailouts have incentivized "busy-work" way over that of learning. Incentives define the outcomes
That IC reenactment should come with a trigger warning 😂
If you know you know. Getting pantsed in IC is a right of passage.
"Stocks decline amid inflation fears", and the classic "Stocks shrug off inflation fears"
Great article btw.
You may have a future at BBG! Thank you for reading!