"Fake it till you make It" implies when you make it, stop faking it.
We apparently didn't "make it" enough so had to keep faking after 2008. Now, we apparently think we can live on fake forever but the universe will likely not oblige.
Look at the world. The massive amount of people coming online. The pressure on resources this causes. The diminishing low hanging fruit (oil, water, fertilizer etc). The democratization of knowledge around the globe leading to technical talent in places besides the West and their close acolytes. The broken nature of Western BigCos many of which are one step above Soviet factories at this point in terms of actual efficiency, worker buy in and productive honesty.
I don't know what happens from here, but do believe is we are at the cusp of a radical paradigm shift over the next decade. The next 100 years in the West don't look like the last 100 in which Western companies and their captive governments ran the globe unchallenged.
Maybe I'm a cynic and a pessimist but have zero desire to invest in indexes of ossified Western big company stocks at the moment. Their paper value (in my mind) generally doesn't support their true value and potential earnings going forward. Now, there are no doubt some winners in the bunch and when things settle they are worth picking through. The US still has a lot of potential but so much faking it backed up with regime change military/intelligence ops instead of encouraging productivity and innovation has to be sorted out first to give a stable platform for growth again. We have much further to fall in my opinion before stability is achieved, and I'm not tossing dice in expectation of a reward on that right now. And that includes things like the obscene housing ponzi. It has to wash out and return to a stable base.
Other people might feel differently and they might be right. I thought the same things in 2006 and people with more faith made a lot of money but eventually reality catches up, and perhaps this decade is that time. I'm not a person to bet it isn't.
We apparently didn't "make it" enough so had to keep faking after 2008. Now, we apparently think we can live on fake forever but the universe will likely not oblige.
Look at the world. The massive amount of people coming online. The pressure on resources this causes. The diminishing low hanging fruit (oil, water, fertilizer etc). The democratization of knowledge around the globe leading to technical talent in places besides the West and their close acolytes. The broken nature of Western BigCos many of which are one step above Soviet factories at this point in terms of actual efficiency, worker buy in and productive honesty.
I don't know what happens from here, but do believe is we are at the cusp of a radical paradigm shift over the next decade. The next 100 years in the West don't look like the last 100 in which Western companies and their captive governments ran the globe unchallenged.
Maybe I'm a cynic and a pessimist but have zero desire to invest in indexes of ossified Western big company stocks at the moment. Their paper value (in my mind) generally doesn't support their true value and potential earnings going forward. Now, there are no doubt some winners in the bunch and when things settle they are worth picking through. The US still has a lot of potential but so much faking it backed up with regime change military/intelligence ops instead of encouraging productivity and innovation has to be sorted out first to give a stable platform for growth again. We have much further to fall in my opinion before stability is achieved, and I'm not tossing dice in expectation of a reward on that right now. And that includes things like the obscene housing ponzi. It has to wash out and return to a stable base.
Other people might feel differently and they might be right. I thought the same things in 2006 and people with more faith made a lot of money but eventually reality catches up, and perhaps this decade is that time. I'm not a person to bet it isn't.