How to quantify safety?
Measuring the number of problems you can absorb.
Jesus Arturo Devesa
When people follow the lead of others and base their decisions on what other people do?
In times of severe crisis.
Why the monetary system itself will go into meltdown?
Because central bank money-pumping is a universal belief in response to public debt.
When people follow the lead of others and base their decisions on what other people do?
In times of severe crisis.
What is predictable, and what is entirely predictable?
A bubble and the bursting of the bubble.
Why interest rates are not set by the market?
Because economic activity is fueled by subpar debt.