Jemima Kelly, writing in the Financial Times about the collapse in cryptocurrency, quotes the opening lines of the French movie La Haine [The Hatred]:
“It’s the story of a man who is falling from a 50-storey building. At each floor, as he falls, he comforts himself by repeating: so far, so good; so far, so good; so far, so good.”
It occurred to me that the anecdote has applications beyond Bitcoin. So our discussion topic for this weekend is disastrous optimism.
What are some examples of current naiveté that, in your opinion, is heading for a hard landing?
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