Grant Williams on crying wolf

Just like the wolves in Aesop's fable, the dangers facing financial markets, and indeed the entire world, are very real indeed.  But those who have been warning about them have been made to look foolish by the continued intervention by the central banks for a decade now.  That doesn't mean the dangers aren't there, it just means people are sick of hearing the word "wolf."

~ Grant Williams, keynote speech, October 1, 2018