FULL DISCLOSURE: I am always long brick shitting volatility. Gamble at your own risk...
I was worried recently that this society was becoming Japan - an aging Idiocracy making the same mistakes over and over again each time expecting a different result. Japan has amply proven the abject failure of Supply Side economics, featuring 28 years of wandering in the desert amid non-stop relentless deflation.
Fortunately, this society is too fucking dumb and arrogant to be Japan. Unlike the land of the setting sun, which keeps casino stimulus at full blast continuously, our fearless dunces in leadership have cavalierly withdrawn all support from the casino, forgetting that they are the ONLY reason it levitated in the first place.
The Idiocracy outsmarted themselves this time.
Japan got away with it by piggy-backing off of the U.S. for demand, but the entire world can't be "supply side" at the same time. Hard to believe, I know...
You don't have to be a genius to figure out how this all ends, but you do have to be making nominal effort...
