Hugh Hendry Embraces The Central-Planning Matrix: "I Am Taking The Blue Pills Now"

What is one to do with such a situation? In my view there are really only two responses. On one hand we have today's bears. Remember the film The Matrix? Morpheus offered Neo the choice of two pills - blue, to forget about the Matrix and continue to live in the world of illusion, or red, to live in the painful world of reality. They, as the "enlightened", chose red, and so are convinced that they understand everything which has become illusory about today's markets. Their truth is Austrian economics. They know that today's central bankers are spinning a falsehood of recovery; they steadfastly refuse to be suckered in by the euphoria of a monetary boom; and they are convinced that they will therefore be spared the consequences of the inevitable crash. Everyone else, currently drugged by the virtual simulation of prosperity and its acolyte QE, will be destroyed, leaving them alone, to re-invest when markets finally get cheap. They will once again be masters of the universe.

Hugh Hendry Embraces The Central-Planning Matrix: "I Am Taking The Blue Pills Now"