I live in London. We have entered our third lockdown and I struggle with my memory. The last funny one was "Game of Thrones". I just could not recall the name of the TV show. I found this article very helpful to understand potential explanations of this phenomena: memory loss x lockdown.
my experience with high doses of stimulants has taught me that sometimes when your attention is drawn more closely to some concept than is usual there is a sort of "zoomed too far in" effect that makes it difficult to recall details of things less related to the prioritized topic.
Once the significance of the newly over important concept starts to diminish you regain your usual recollection abilities
I think he is right to mention the unprecendent gap between the economic fundamentals and their financial representations.
Plus
> The single most dependable feature of the late stages of the great bubbles of history has been really crazy investor behavior, especially on the part of individuals.
That trend is even "truer" today, fostered by Robinhood and Co (eToro, Revolut, etc.). The access to markets was not as easy in 2008, limiting the role individuals could play in a bubble.
> unprecendent gap between the economic fundamentals and their financial representations.
The fundamental fundamental is the house always wins, and the leaders of the US have indicated they will do whatever it takes to maintain broad market asset prices.
I buy extremely low cost broad market index funds for any assets I don’t need in 3+ years. VOO, etc.
If you have substantial amounts of that, I’d look into diversifying by obtaining desirable land, especially commercial real estate that will be able to generate cash flow.
In other words, the poors, social outcasts, people left on the sidelines, as usual. The inequalities are just increasing as a result. That makes me sick.
