Change of managment needed now, page-12

Hi John

Thanks for the explanation.

I recall on one of your previous posts, you mentioned that you had suggested hedging to PB.

Do you recall what his response was? I'd be interested to know what his reasoning was.

Also, you made some good points about optimism bias. Currently, in my view, the entire US economy is suffering from the worst case of optimism bias ever. Especially where FED forecasting is concerned.

Cheers
Ivan