More specifically, reliable records of interest rates start about 3,000 years ago. We have *never* in all of this recorded human history seen interest rates as low -- indeed negative! -- as they are today.https://twitter.com/maxkeiser/status/1161000868784877570 …
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I'm reminded of Taleb's lessons about individual banks that lost more than they cumulatively earned, in a single downturn. Is it possible the entire sector could lose more than it has ever earned/accumulated? A "Once in 3,000 year event" kind of has that ring to it.
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Many of them will try.
End of conversation
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Uncharted territory sure. But not sure what it all means. Other than markets anticipating a calamity. Thoughts?
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We are all lost in an unknown sea, with a navigator that pretends he knows where we are.
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Yet, despite the crashing waves, we have navigators (who are unknown to us). They who invented bitcoin pretend nothing
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