Some people are discussing these financial issues as if they were a random black swan event. But that’s incorrect; these events are the result of a long series of missteps in central banking, government actions, corporate errors, and risk mismanagement,.
A reader writes in, noting: These charts reflect a perfect mosaic of market and economic conditions. It also encapsulates decades of blind denial about what it takes to run a good business:
Dave says: It’d be a belly laugh except I keep