Here’s an excerpt from today’s op-ed in The News:
“Since the contest is taking place without ground rules, we should not be surprised or caught off guard if it brings the country to its knees. We are stuck in a crisis equilibrium since at least the start of the calendar year, if not longer. People who have little will consume what they can and what they must. But those who have much, the leisure class, continue to spend and consume in order to amuse themselves to the point of numbness as they watch the brawl. Investors hold on to their capital dearly and move around the brawl to avoid getting knocked over in the process. If they can find an escape route out of the room, even better.”