by Nathan McDonald
Despite the chaos of the world around us, despite spiking COVID-19 cases, and despite a record number of businesses shuttering their doors (many never to re-open again), markets remain relatively healthy.
[…] This obviously defies all common sense and rationality, but that is unfortunately the world we live in now—an artificial world, where the markets are driven purely by wild speculation and grotesquely negligent money printing.
Although there is a “recovery” story to be had, we are far from it. And the current state of affairs in the markets is nothing more than an illusion, like so many other parts of our economy.
The stark truth of the matter is that the world is a mess at the moment, with political strife, upheaval, and chaos coming from all directions. And we have come nowhere close to peak boiling temperatures.