I can agree with some of the points
but somehow hedge funds have awarded themselves long-term capital gains for profitable transactions that take a microsecond and then when there's a black swan event they go running to the government to bail the system (them) out. For that and other reasons, eg, accumulating huge wealth b/c they know how to write a computer algorithm as opposed to like, making something. I propose they're part of the problem, not the solution and most telling is he doesn't suggest any solutions. For which he could fund trials if he was that concerned about it.
So yeah, I dunno. Most of these are pretty usual rhetoric that I didn't need anyone to tell me. If he's talking about the $30T deficit, yeah, I have a problem with papering over problems with more debt. And sure, lowering expectations is a point of contention. I also wonder about the real world versus the internet world. The internet's fun for name-calling, here on the ground, I've had ummm, other types of people compliment my clothes to my shock. There a process to arrive at consensus, Forming, Storming, Norming and Performing, maybe we're just in the Storming part, it happens every 20-30 years.
[Post edited by `lag at 02/04/2022 09:26AM]
|
(
In response to this post by Vippie1)
Posted: 02/04/2022 at 09:09AM