Beats me.
I do know it is a question at the core of a sort of intellectual ennui when thinking of finance and markets.
It's a jaded boredom born of the last 12 years of central bank interventions, which has been pitched with the soaring rhetoric of technocrats coming to the rescue of society while concealing, or at minimum not discussing, the actual effects, the transfer of wealth, income, and power from one group to another.
One of these days I may just go full Alinsky, starting with rule number 5:
#5 Ridicule is man’s most potent weapon. It’s hard to counterattack ridicule, and it infuriates the opposition, which then reacts to your advantage...
But once you go that route it changes you and it is hard to find your way back.
The 'extend and pretend' of recent years seems recently to focus more on the pretend half of the formulation and less on extend and has also been adopted in the fiscal and political spheres.
In the case of Investment Hulk (Hulk Family Office), he seems to have adapted by doing a weekend wrap up of protests around the world. Maybe I should find a similar hobbly.
