Really enjoyed this. The fire analogy is spot on. 'Controlled burns' through a forest that has been ignored for a century can hardly be safe. As you show, even calculated volatility - if it is calculated - risks lighting up decades of neglected undergrowth. Is it controlled risk, or an arsonist at work?
"Controlled risk, or an arsonist at work?" I love that. I honestly have no idea whether anyone in the Trump Administration, including the man himself, thinks of their actions in these risk-mitigation/accelerant terms, but it is the effect of them in my view. Caveat emptor.
Really enjoyed this. The fire analogy is spot on. 'Controlled burns' through a forest that has been ignored for a century can hardly be safe. As you show, even calculated volatility - if it is calculated - risks lighting up decades of neglected undergrowth. Is it controlled risk, or an arsonist at work?
"Controlled risk, or an arsonist at work?" I love that. I honestly have no idea whether anyone in the Trump Administration, including the man himself, thinks of their actions in these risk-mitigation/accelerant terms, but it is the effect of them in my view. Caveat emptor.
Match Book Savings & Loan
Good one! But I’d like to see more savings!
Chat GOP :)
This is so true Marvin!!
Seriously…😁
Love the wildfire analogy — it really nails the tricky balance between volatility helping to reset risks and also possibly sparking bigger problems.