1/x Difference between Intelligence & Wisdom.

Go watch Margin Call.

Watch Jeremy Irons listen (Wisdom) to Zach Quinto (Intelligence) explain their financial timebomb.

Irons has the Wisdom to see it's truly a problem & act accordingly.

We have a lot "Intelligence" acting dumb.

2/x It's different this time. 2.5 times as much debt as DEC 2007 means nothing. China/Russia/Mexico have just about 100,000 cases of COVID19. (Really?) We're going to have a V-shape recovery. We can ignore the 50% corrections of previous recessions with smaller debt.

3/x Ignore unemployment. Banks don't have clauses with other banks that trigger ripple effects when they don't get paid as people don't pay commercial rent / residential mortgages which is a GLOBAL problem right now. Ignore bank deregulation.

4/x The Fed says everything is great then the shit hits the fan just like it did in 2008 and they sing a brand new song almost overnight. CEOs did not depart at the highest rate ever in 2019 (they did).

Is it Intelligent to ignore all of this?

Wisdom thinks not & will prevail.

5/x History DOES repeat itself. Ignore rate inversions followed by rate cuts, it's only happened the last five recessions & has happened in this sixth cycle. Ignore the fact that interest rates were manipulated to all time lows. Ignore the fact that the market always corrects.

6/x Is it Intelligence to ignore the basics? These are the basics which I described. The smart people who do math, algos, & what not I can not do. But I now have enough Wisdom to see that ignoring these simple signs is sheer stupidity no matter the Intelligence blabbing on TV.

7/x Factor in some Intelligence wants to manipulate (Ackman/Gates/Buffett/Barrack) for their own agendas. Have some Wisdom in the tank to see they don't care about you. At least Icahn is relatively quiet. He is silent & strikes quickly. Factor in the Fed is owned by Wall St.

8/x So you can listen to all the Intelligence you want but have the Wisdom to find the financial patterns that truly tell you what is going to happen. These patters are not that complicated but the snake oil salesmen will act as if they reinvented the financial wheel every cycle.

END. If someone as UN-Intelligent as me (I'm not curing cancer, designing a program, or inventing anything ever in my lifetime) can sit around & figure out financial patterns because I got destroyed in 2008/2009 then anyone can.

Get some Wisdom and start paying attention.