I'm tempted towards a bit of tinfoil-hatting when the «stupid money» investors start eating major losses. But an ordinary combination of factors does explain how they keep making stupid, egotistical, obsequiously aspirational, fantasy-informed missteps.
A weird little tidbit about me due to reading Von Mises’ “Human Action” in my twenties in New York City, was that the classical radio station, WQXR, gave me 1-minute air time to complain about their leftist opinions. Afterwards i wondered, “WTF am I doing, I’m an artist what do I know about economics!?” After that I kept to aesthetics. On the other hand you as a cartoonist can go anywhere!
In the book “The Big Short” there’s a point where one of the protagonists is in a strip club talking to a dancer and she’s describing how she’s buying properties. That’s when he realizes something in the housing lending market probably isn’t quite right…. Just came to mind for no reason when you said “a hole and no cheese down.”
I'm tempted towards a bit of tinfoil-hatting when the «stupid money» investors start eating major losses. But an ordinary combination of factors does explain how they keep making stupid, egotistical, obsequiously aspirational, fantasy-informed missteps.
Planning horizons have shortened dramatically. Fed thinks until the election, junior banksters think until their next yearly bonus, and so on.
A weird little tidbit about me due to reading Von Mises’ “Human Action” in my twenties in New York City, was that the classical radio station, WQXR, gave me 1-minute air time to complain about their leftist opinions. Afterwards i wondered, “WTF am I doing, I’m an artist what do I know about economics!?” After that I kept to aesthetics. On the other hand you as a cartoonist can go anywhere!
I was promised no cheese down!
In the book “The Big Short” there’s a point where one of the protagonists is in a strip club talking to a dancer and she’s describing how she’s buying properties. That’s when he realizes something in the housing lending market probably isn’t quite right…. Just came to mind for no reason when you said “a hole and no cheese down.”