Meme stock madness was the umbrella on top of an all-encompassing cocktail served to far more than retail investors. Central bankers, mainstream media, academia, Silicon Valley and the military industrial complex all imbibed from the same glass: a belief that government is the solution to all problems. These institutions, drunk with power, formed twin personalities: enabler and disciplinarian, arsonist and fireman, gas-lighter and psychologist, social butterfly and censor, trouble-maker and policeman. They created a new reality to justify their existence, but it was always a delusion.
Morning comes soon enough. The party was fun while it lasted, but tremendous damage was done. The hangover is never pretty, but signifies a much needed, albeit unpleasant, return to health. Likewise, bear markets and recessions have their place: They remove toxins, impart lessons, encourage productive behaviors and provide a path back to financial health.
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