"The sun shines
And people forget
The spray flies as the speedboat glides
And people forget..."
"Eminence Front" by The Who.
Whenever I publish anything about the déjà vu the current markets are giving me, I will have at least one troll - usually either a mansplainer, corporate shill, or bot - assure me that we could just neeeevvvveeerrrr have another 2008 again. Really?
The crappy thing is: Wall Street is right. The public forgets. I recently watched The Divide: The Real People Behind the Wealth Gap on Java Discover and one of the interviewees, a former VP at Deutsche Bank, recalls a conversation about the bailouts in which she was told, "Well, here's the thing: the public always forgets." Now here we are.
You can find the film here: https://www.youtube.com/watch?v=Z1WvDqj1qzQ
Other links I discuss in this episode:
https://causeyconsultingllc.com/2022/08/17/wait-a-minute-i-thought-pplr-doin-great/
https://www.businessinsider.com/personal-finance/k-shaped-recovery-definition
Need more? Email me: https://causeyconsultingllc.com/contact-causey/
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