Bred For Failure: The Arrogance is Staggering

The biggest bubble of this era is the astounding arrogance of today's leadership buffoons: in government, business, media, and academia. Today's buffoons are the last stage hubristic generation that is bred for failure - to do the exact same thing over and over again until it implodes with extreme dislocation. Bred to fabricate and believe their own bullshit.

This era is the 2008 playbook deja vu, with 10x leverage. Nothing has changed except the amount of irretrievable risk. They pushed their luck then and got away with it, so they are pushing it far harder now, oblivious to any consequences. They have 100% confidence in policies that have already failed 100%. Zero introspection.

Today's best and brightest are neither, their intelligence is dwarfed by their arrogance. They were bred to believe in their own entitlement to being permanently installed at the top. So they push their luck way beyond the limit, oblivious to the fathomless rage that accumulates steadily as their global pseudo-recovery falls apart in broad daylight.

I call these leadership buffoons human call options, because they have a finite interval to the upside and then expire worthless. A footnote in history. 

Take a good look at them now, because expiration approaches.