It may well be that Wrong May Stay Wrong for Longer as we enter...

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    It may well be that Wrong May Stay Wrong for Longer as we enter a new era of uncertainty , just a month and a half going into the next decade.

    Let me explain.

    Wrong May Stay Wrong for Longer because the stakes are never higher as collectively the powers that be had allowed us to become placed in a precarious new era of global political and economic uncertainty.

    It is incredulous that the era of Trumpism and Brexit would leave a profound adverse legacy for global relations in the years to come. Because of Trump, we have the trade war with China but less noticeably the likely emergence of a new cold war between the US and China for technological hegemony, a fight that would continue well into the next decade. Once started, it is difficult to turn back, with or without Trump in office. Senate Republicans who once said that if there was quid pro quo (in relation to Ukraine) to justify impeachment of the President they would be prepared to consider,  but now that the evidence is clearly provided, they are inclined to consider a defensive move to acknowledge quid pro quo if they have no choice but fight to maintain it is not an impeachable offence to remove POTUS from office. And support for the President is actually stronger in the key electoral states than it has ever been -despite all this. So they (public and senate republicans) would continue to defend the indefensible for longer . This sends a very profound message to the entire world- integrity does not mean much even in the land which is the beacon of democracy and that as long as you can "win" do whatever it takes. Wrong will stay wrong for longer.

    Globally, we are saturated with debt which has begun to impinge on the ability of economies to grow on additional spending and interest rate cuts. We have allowed ourselves to accumulate so much debt that we are now concerned about implosion of the debt markets , so interest rates would have to stay very low for longer. With cheap money going into Wall St instead of Main St, equities have parted ways with their fundamentals and have gone higher premised largely on cheap money to prop up shares. And central bankers are notably culprits to facilitate this move to dig a bigger debt hole and irrational exuberance in equity markets. Because the alternative would send our markets crashing. We continue to punish those with virtues of saving money to rescue and support people taking on reckless and excessive debt for the interest of the collective whole. So wrong will stay wrong for longer, we can kick the can down the road but at the risk of a bigger depression that would be greater than otherwise, like the eventual end of the Roman empire.

    With a growing tumour politically and economically, the world can put on a brave front to be resilient and confounding conventional logic, but just like a tumour suffering patient can suddenly relapse badly, similarly our global economic foundation which is no longer robust can be equally as susceptible. And when it finally succumbs, the consequences may be brutal , and so we should avoid being caught in the onslaught when it comes, because the recovery thereafter may well be longer than before as we  had allowed the Wrong to remain wrong for longer.
 
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