Wednesday, June 3, 2015

Don't Worry. Be Fat And Happy

You are not paid to worry. You are paid to blow yourself up. Another burnt offering to the Globalized furnace. Just like the vaporized post-2008 "stimulus" (Grandchildren's money)...aka. The Faustian Bargain.

This can still all work out fine as long as there is zero correlation between risks, which is the fundamental Idiocratic assumption. If risks are non-correlated, the probability of joint occurrence approaches 0%.

On the other hand, if risks are correlated, the probability of an historically massive meltdown approaches 100%.

June 3, 2015: Marketwatch

Back in 2008, Bernankenstein set out to save the debt-addicted consumption oriented lifestyle from itself.

The fool or the ones that follow?