Tuesday, March 31, 2020

This time is different, in recent memory


  • Bush, 9/11 and the Iraq War
  • 2009 crash
  • today

That is not deja vu, that is an institutional pattern, in a spiral, I might add. Remember that 2009 crash includes a flu pandemic that is still tracking worse than corona in Q1. Separate the current expenses from the bailouts, separate the accounts. If we bet the bailouts we save the anxiety of self denial.

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