To Everything There Is A Season

Lessons from long ago remain unlearned. If kings from thousands of years ago were well-versed in such principles, why are they repeatedly lost on policymakers and investors today? Not everything can be awesome all of the time. And for global capital markets, now is a time to cast away, not to keep. Now is a time to break down, not build up. Now is a time to tear, not sew. For forcibly denying the natural passage of these shared contrasts results in imbalances that ultimately come with staggering self-correcting costs.

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