BLUF: Tap or No Tap...Higher before Lower! Watch BTC, if/when it trips so will the markets. Flows, Flows, Flows....
The Narrative Machine is focused on QE, MMT, Biden/Trump...Flows are all that matters now, Insurance is getting more expensive and Risk continues to be rolled to infinitum...have a Plan,,,I'll sit with my cash and wait!
Question: If displacement is extremely large and fast, too much inequality with not enough time to reacquaint, does that create a violent counter revolution? Understand Rate of Change...
I think it was the Greeks who first identified the major risk of democracy; over time it tends to benefit smaller self-interested factions, rather than the entire state...Wealth is contentment and Poverty is anger.
The Narrative Machine is focused on QE, MMT, Biden/Trump...Flows are all that matters now, Insurance is getting more expensive and Risk continues to be rolled to infinitum...have a Plan,,,I'll sit with my cash and wait!
Question: If displacement is extremely large and fast, too much inequality with not enough time to reacquaint, does that create a violent counter revolution? Understand Rate of Change...
I think it was the Greeks who first identified the major risk of democracy; over time it tends to benefit smaller self-interested factions, rather than the entire state...Wealth is contentment and Poverty is anger.
PUBLISHED THU, NOV 26 20204:46 AM EST
Let's see what happens on Friday and next week to equities...TBD!!!
Have Cash & Ready!!!