Yeah the government is asked to step in to solve a situation they created in the first place far too often
Most (more than 90%) of Portfolio Managers are incentivized to hug the benchmark and don't even outperform S&P 500 after fees and taxes.
Buying spot Bitcoin and not doing anything is most likely going to outperform more than 99% of PMs long-term.
Ray Dalio is a broken record - repeats the same stuff and is always wrong - a true product of the fiat fuckery, QE era.
During periods of low GCP (Gross Consent Product), you can't have long-term crises. Instead, you have financial repression (3-4% CPI), and short (2-8 week crises) - long-enough to force the population to beg their government for a solution, not long-enough to birth alternative solutions outside the system.
Low GCP = Liquidity is choppy but net accommodative - bill-heavy issuance, facility templates, quick pivots on volatility spikes.
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