We are living through the final scenes of one of the most financially destructive chapters in human history.
I was an investment analyst in the 2000 dot.com bubble and the 2007 China/commodities/subprime bubble, and yes, they were mad times too. But unprecedented "free" money over the last seven years has managed to magnify the destructive behaviours that ought to have asphyxiated in the last two busts. Like homeowners threatened by raging fires, self-preservation demands that we stay clear of structures destined to collapse, but this takes self-discipline and constant mental effort.
Indiscriminate buyers funnel capital