VOODOO ECONOMICS: ‘We Can’t Take That Chance’, Why We’re So Risk-Averse – By Charles Hugh Smith

RIELPOLITIK

Source – oftwominds.com

“..Put another way–if our faith in the future and our resilience is near-zero, then we can’t take any chances. We are restricted to taking only the safest path, even if it means foregoing all the really big gains that are reserved for those willing to accept some risk”:

Why We’re So Risk-Averse: “We Can’t Take That Chance” – By Charles Hugh Smith

If our faith in the future and our resilience is near-zero, then we can’t take any chances.

You’ve probably noticed how risk-averse Hollywood has become: the big summer movies are all extensions of existing franchises–mixing up the superheroes in new combinations, or remaking hit films from the past–all safe bets.

The trend to “playing it safe” is not limited to Hollywood:–we see risk aversion in every sphere of the economy and society.

The unfailingly stimulating Ben Hunt of the Epsilon Theory newsletter…

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