Here is my take, which is consistent with the Goehring & Rozencwajg letter in the repost? ---- Every crisis—1997, 2008, 2020—starts with the same institutional script: treating a structural problem as a temporary liquidity glitch. Wall Street is hardwired to assume that everything will safely revert

Here is my take, which is consistent with the Goehring & Rozencwajg letter in the repost? ---- Every crisis—1997, 2008, 2020—starts with the same institutional script: treating a structural problem as a temporary liquidity glitch. Wall Street is hardwired to assume that everything will safely revert

Here is my take, which is consistent with the Goehring & Rozencwajg letter in the repost? ---- Every crisis—1997, 2008, 2020—starts with the same institutional script: treating a structural problem as a temporary liquidity glitch. Wall Street is hardwired to assume that everything will safely revert