Dispatches from the Empire

Will the Stock Market Crash? This Hedge-Funder Thinks So

Look, the only way to get us out of this is to tear the Band-Aid off. You know, it’s cold turkey. But of course, that’s a big, big problem, and I do not think we have the societal temperament for that. So who knows? Who the hell knows? I wish I could give you something, but I can’t give anything. And I don’t think there is anything, frankly. I think it’s a moot point anyway because they’re just going to have to do more and more and more. Powell has been talking a big game the past year or so, but it’s all a big bluff.