Without exaggeration, I truly find recent recent business news to be stomach-turning:
Jesus Christ in heaven, people. You have had over a decade of non-stop assistance. Trillions and trillions of dollars of quantitative easing. Trillions of dollars of stock buybacks. Trillions of dollars in tax cuts for the rich. Near-zero interest rates. Everything but sub-desk fellatio has been yours, month after month, and year after year.
And yet……..you still want more. No one can tolerate the pain of an economic cycle. The entire globe has been mollycoddled into perpetual lethargy and the absence of pain.
And yet, as sure as I’m sure the sun will set in the west tonight, I am positive the more the pain gets delayed, the worse it’s going to get. And yet no politician has the balls to actually let an organic market exist. They have to keep “intervening” and “supporting” and “accommodating“, not because it’s the right thing to do, but because they know that when the inevitable shitstorm blows in, they absolutely don’t want to be the ones standing at the helm.
Our fate is sealed, people. Jackson Hole and the G7 aren’t going to save us. Yet it’s disappointing to see that humanity simply lacks the fortitude to face up to it. Instead, since they can’t take responsibility for themselves, they want the government to be their lifelong wet-nurse. It’s truly nauseating. Grow a pair, and man up.