Whereas i agree with you Karl, there are too many entrenched interests, and the situation formed both an ecosystem and its own atmosphere like giant wildfire.

People are accustomed to so much that they will ignore the early and often lessons.

Related to this, i think that it even affects people who should know better unless they are catering to people's psychology for profit, truly disgusting.

One of which is Harry S. Dent, who was one of the best years ago. He is stating that the dollar will get stronger over the next five years and then decline severely as we get passed by ... wait for it ... Asia. Is he fucking nuts? I already know the answer.

Also, there is the assumption based in his logic that after a serious cleaning-out we will go back to the old games, like insanely low interest rates and the associated monetary policies. What will this do?

Everyone will want to buy during the downtimes, driving up asset prices or preventing normalization to reality, in the hopes that the next spin-up of a bubble is their gain and/or rentier position. Even if barely possible his readers and by extension a segment of the public want this. If people want it, they start to think that it will happen.

Personally, i think that we are fucked for much longer which could encourage more bad policy which will not work other than to make other things much worse. This is my third prediction which i will post later.

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YCNU.