We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
People work for hedge funds to fleece the arrogant and greedy nouveau riches who think they can beat the markets and who are therefore vulnerable to shysters. People too stupid to realize that the stats are manipulated. Bayou was just the tip of the iceberg. As the old saying goes, a fool and his money are soon parted...Plenty of whip- smart predators work for hedge funds, but the smart money shuns investing in them.
Worse than when I knew some pond scum in "the [hedge] life.". People are even dumber with other people's money than their own. But I'm sure that BD, w his broad acquaintance, knows some hedge fund types who are honest. There have to be a couple of them.
OH, oh. Do I see a "convergence"? How about connecting these trends:
1. Americans are afraid to travel oversees (first time in 40 years).
2. Americans turn the money they would have used for travel into "upscaling" their homes.
3. Housing costs skyrocket. Granite counters, outdoor kitchens, sunken laptops (whatever).
4. Incoming families of questionable credentials, pool together and purchase larger homes that will accommodate more people.
5. Americans are tired of the executive pass through the cost of buy outs to their retirement credits. . . . . . . bs. So Americans, who don't feel safe filling the retirement funds of over paid executives, decide to take matters into their own hands and invest in real estate properties they control.