Yesterday’s blog entry reported on correspondence I had in 2013 with Kevin, owner of the Out of Your Rut blog. Set forth below is follow-up correspondence:
I think apathy more than anything is keeping other bloggers from seeing the light. There’s also go along to get along factor; inertia is very powerful, as I’m sure you understand. If I’m a blogger and making money selling ad space or affiliate links to investment companies, I hear no evil, see no evil, speak no evil. The bull runs forever.
What’s keeping buy and hold afloat are the actions by the Fed and the US govt to maintain a perpetual bull market in stocks, no matter what the economic backdrop is. The economy is on wobbly legs, and a rising stock market is the only game in town. When that goes down, it will be the last leg holding the house of cards up.
I wouldn’t be surprised to find that these “goons” are more significant than you think. Fraud is keeping systems afloat, and some pretty powerful people have a vested interest in keeping it going.
You may want to back down until the worm turns. It will. And then people will listen. I’m of the opinion that getting into debates with these types is worse than counter-productive. Their aim isn’t to debate, it’s to discredit. And right now “the facts”, contrived and manipulated as they are, are supporting their case. Right now, nothing can kill the bull, the Fed won’t allow it. That’s ultimately what QE and zero interest rates are all about.