The Albatross Of Debt: The Wall Street “Truman Show” And Why The Yield Shock Is Not Priced-In, Part 5

Among the many evils of the Fed’s Bubble Finance regime is what might be called the Truman Show effect. Like the Jim Carrey character who was unknowingly living a fake life on a movie set in the 1998 film, Wall Street players—-including the financial press—have been prospering inside the Bubble so long that they do indeed think it is reality.