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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

We can also posit a general rule that those who inherit wealth and succumb to FOMO are eventually less wealthy while those who are wealthy and take a pass on FOMO / hoarding at the top of the manic frenzy increase their wealth. Judging by the panic buying of everything from homes to yachts to lumber futures, it seems the world has run out of everything except newly issued central bank trillions, and so the logical response is FOMO (fear of missing out) and hoarding: buy everything you can get your hands on today lest it become unavailable or more expensive tomorrow.

Maybe maximizing corporate profits isn't all that matters. Maybe national security and resilience matter, too, and if they do, then reshoring critical supply chains should be a higher priority than Corporate America's (mostly tax-free) profits. As America's trade deficit explodes higher and the costs of offshoring supply chains mount, the apologists for globalization are out in full force, attempting to shout down reality with their usual specious claims about how amazingly wunnerful globalization has been for America. Allow me to tote up the real-world cost savings: Cost of cheap ill-fitting...