Chemistry professor, and infamous market observer Dave Collum, author of the encyclopedic ‘Year in Reviews’, senses “existential risk in the American Experiment.” In an excellent interview with The Cornell Review, Collum opines on everything from ‘safe spaces’ to ‘social unrest’ warning “people are now mad, and it shows in the chaotic election. We are guaranteed to elect a president that half the populace finds repugnant…Change is in the air.”
…It is probably only in the last 15 years that I’ve started hiking up my pants and bitching about the government. Now I am relatively outspoken because I sense existential risk in the American Experiment. …We have an interventionist central bank – a global cartel of interconnected central banks actually – that is determined to use untested (read: flawed) models to try to repair an economy that was hurt by their policies and would fix itself if the Fed would just get out of the way. I think these guys are what Nassim Taleb calls I-Y-I (intellectual-yet-idiot). They will continue with their experiments until the system finally breaks in earnest. They will blame the unforeseeable circumstances.
This post was published at Zero Hedge on Sep 29, 2016.