After listening to your podcast for years – I can just hear you reacting to this:
Everyone has a choice to make!
Michael, is the last black swan the next black swan? Please have an expert on your show to explain where are all those toxic assets (CDOs, collateral debt obligations, or mortgage backed securities) are now? They caused the crash (2008), so where are they? The Fed buys some every month apparently, but where the heck are they all and whose balance sheets are they on? Banks, taxpayer? What could they do to the economy now or in the future? Did they just disappear or get absolved somehow?