i agree that there’s the 3rd alternative future that the post does not consider (unless i missed it!):
3. markets remain in an inadequate equilibrium until the end of times, because those participants (like myself!) who consider short timelines remain in too small minority to “call the bluff”.
see the big short for a dramatic depiction of such situation.
i agree that there’s the 3rd alternative future that the post does not consider (unless i missed it!):
3. markets remain in an inadequate equilibrium until the end of times, because those participants (like myself!) who consider short timelines remain in too small minority to “call the bluff”.
see the big short for a dramatic depiction of such situation.
great post otherwise. upvoted.
Coincidentally, that scene in The Big Short takes place on January 11 (2007) :D