I know quite a few micro, small & medium size business owners. 2020 has definitively been hard to many of the smaller guys. However, they all have a common denominator; they look at the real cash in their hands at the end of the day because that's what pay the bills,their employees and suppliers. Basically, their survival has beem based on sound and, many times, common sense business practices.
On the other side, capital superabundance (see post here below) is somehow trapped in a world of "elusive" potential return since the Financial Asset/GDP ratio has been pushed to new frontiers which seem hard to reconcile with the reality of main street. Interestingly, main street is the pillar which sustains this inverted pyramid and main street needs oxigen.
Capital superabundance has imposed its rules and has always been afraid of the impacts of the dosing of oxigen main street could get. Extremes can go more extreme but at some point in time they need to rebalance.
We have many smart people and much brainpower but we have failed creating balance since pursuit of self interests is more important than anything else. The end result is that we are somehow at bit at war with ourselves.
The history of art and technology is very interesting. Look at the invention of photography and the impressionist & pointillism period. Portraits painters were made obsolete and "perception" became the focus of the painters (I simplify).
When it comes to finance, BTC birth happens at the... (More)