Told Ya' So

Here is a headline from the CNBC.com's lead story right now...

"Everything the Fed thinks it knows may be wrong"

 Where have I heard this before...?

Most troubling is that establishment types don't see it this way, in a classic case of the Reaganite truism that it isn't that liberals are dumb, it is that so much of what they know is wrong.

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Even if they're looking, they're looking at the wrong things.  Elites have failed us before you know.  One iron rule of Donny Baseball's Highly Refined and Usually Correct World View is that your real risk is not what/where you think it is.

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Bottom line, we are in absolutely uncharted territory, and the elites are dismissing the dangers because they feel that they have it all figured out.  Be afraid.  Be very afraid.