Re <<Better to have taken the deleveraging of 1997 on time ... So 1997 got postponed to 2001, which got magnified and postponed to 2006 with the entire system collapsing in 2008.>>
... am thinking back, and believe particular to my personal econo-financial history, that ...
(1) a deleverage in 1997 would have been okay, and postponing same turned out okay in any case
(2) 2001 crisis worked out, magnification to 2008 was supreme, subsequent qe even better
The issue now is unless we have a bloodletting of the crimson mist and curdling sort, now, the prospect going forward, simply a dry-heave continuation of in-fact zirp / in-truth nirp would be most unsatisfying, because prices are too high, liquidity too low, and opportunities are effectively none existent, whereas most apparent opportunities are either lacking efficacy, require unwarranted conviction, or otherwise outright traps.
An interim collapse after perhaps 4 months from now would be convenient.
Let us hope. |
