The Rollercoaster Ride Ahead: 15 Years of Extreme Distortions Will Be Unwound
Authored by Charles Hugh-Smith via oftwominds, The rollercoaster ride is about to get “fun,” as in unpredictable, volatile and unnerving for those normalized to extreme distortions “fixing” all things financial. Humans have a knack for normalizing extremes. We quickly habituate to conditions that would have been intolerable before the extremes were normalized by habituation and recency bias. In …