US equities are floating on a sea of liquidity and a gross mispricing of risks.
Not to mention an exceptional sense of privilege and dare I say, arrogance, in the financial class.
Have a pleasant evening.
Every empire in its official discourse has said it is not like the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't one's eyes watching the destruction and the misery and death brought by the latest 'mission civilisatrice.' Edward W. Said