Sure the large firms managed to pick better than the monkey, but they also can manipulate the market, so that’s not a very good comparison. When compared to small cap, small cap value, large cap value, and 60% stock / 40% bonds, the monkey won. He was beaten by large cap and mid cap.
There have been too many “perfect” mistakes to be considered “chance” during the Biden regime. The Afghanistan exit is first in my mind. How could anyone NOT know that leaving your only defensible position--before a military withdraw is a bad idea? The truth is, they *do* know it’s a bad idea, but they have some arrangement which allows them to benefit from the outcome.
The economy is a self correcting. Therefore, it can only fail with direct and deliberate intervention. That is what we are seeing now.
So, when you hear that something in the economy is “transitory” run for the hills, because what that really means that we’re only seeing the tip of the iceberg.
Whatever is coming our way, it's not what the majority of the American people want now--nor was it what they voted for in 2020.
Incompetence couldn’t have landed us where we are now--in fact it’s strategic thinking that has resulted in the bad outcomes we’re seeing.
Even if we are to believe that Biden is in charge. Nobody can explain how fantastically unlucky he is.
Remember the monkey that was picking stocks a few years back? Well he was actually not *that* bad.
https://www.mindfullyinvesting.com/the-stock-picking-monkey-that-just-wont-quit/
Sure the large firms managed to pick better than the monkey, but they also can manipulate the market, so that’s not a very good comparison. When compared to small cap, small cap value, large cap value, and 60% stock / 40% bonds, the monkey won. He was beaten by large cap and mid cap.
There have been too many “perfect” mistakes to be considered “chance” during the Biden regime. The Afghanistan exit is first in my mind. How could anyone NOT know that leaving your only defensible position--before a military withdraw is a bad idea? The truth is, they *do* know it’s a bad idea, but they have some arrangement which allows them to benefit from the outcome.
The economy is a self correcting. Therefore, it can only fail with direct and deliberate intervention. That is what we are seeing now.
So, when you hear that something in the economy is “transitory” run for the hills, because what that really means that we’re only seeing the tip of the iceberg.