There's a scene in Forest Gump where they're on the shrimp boat in the middle of a hurricane
Lieutenant Dan says something like:
You call this a storm?! Is that all you've got?!
That's a lot of investors today
Some ppl are just ready for a big correction
Imagine saying this out loud:
Inflation is mellow, unemployment is low, growth is accelerating, stocks are at all time highs, stock valuations high, and gold and silver have doubled and tripled in the past year.
Let's cut rates!
@nntaleb Long-duration govt bonds with unpayable debt = hidden left tail with capped upside. How is this not the textbook definition of negative convexity that idiots call 'safe'?