Put your mind at ease. A hug is just a symbol of breaking down defensiveness, no slight intended.
I’m not particularly interested in heading back to an agrarian society. I grew up on an apple farm, an unsuccessful one. Manual labor sucks ass. Thats why I am a software engineer.
You kinda dodged my question then answered another one. I asked why someone would buy an investment as toxic as the one that Mish highlighted. I get the concept of MBS in general and its not like I disapprove. You see what I’m getting at and you’ve essentially admitted as well is that there is a large amount of inefficiency in this market. I’ll just take it a step further and call it fraud. What I’d really like to see is us avoiding this in the future. The only way that will happen is if:
Our system of finance and economy survive
We punish those who committed the fraud or knowingly allowed it to continue
I wrote a lot more here originally, but Alexander Valley Vineyards cab from Costco (14.50/bottle) finally got the best of me.
