The picture was always bleak. Cheap money and FOMO just stopped a lot of people seeing it. “Men, it has been well said, think in herds; it will be seen that th

The picture was always bleak. Cheap money and FOMO just stopped a lot of people seeing it. “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” - Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds