A Year Later Nothing I’ve Predicted Has Happened

The old “Give it a new name and it’ll go away” approach

I expected crashes last fall (2020). Didn’t happen.

I read my summary piece last year, where I reference the many pieces I wrote during 2020. I see no need to update anything.

I didn’t expect that the government would extend rent and mortgage forbearance for this long. Or extend Pandemic Unemployment Assistance. Or continue buying securities. In some ways they were the humane thing to do. But they have to end at some point.

My reading of history is that such heavy-handedness, no matter how well-intentioned, ends in revolt. Okay, our graying population and lazy kids may ignore such historical imperatives.

If not, we’ll miss when Trump’s antics were enough to distract large parts of our population from their economic plight.

On a lighter note. China has been innovating throughout the pandemic. It’s “lie flat” movement among the young give the youth around the word something to do and believe in.

Go Chinese Youth!

Notes on Real Estate and Wages

There is no housing shortage. There is only greater difficulty in buying property in the neighborhoods everyone wants to live.

Drive an hour away from the place you want to live — plenty of housing.

Look at the humongous house in your nice neighborhood where an old couple doesn’t have to move because wages aren’t driving asset prices.

How is that so simple truth lost? How did people get the idea everyone can live where they want. And if they can’t, affordable homes can be built with the right zoning in place?

How can people walk around growing urban blight — more and more stores closed, homelessness, trash everywhere— look up at new skyscrapers and conclude, upon this foundation all will end well?

Notes on The Future

We like to split up the world’s problems into nations and races, despite all our basic human rights rhetoric. What the pandemic has exposed is a complete lack of global integration. The virus is a simple problem. Track, quarantine and vaccinate. To this day, no two nations are working together.

As climate change accelerates migrations and disrupts economies I see no working system of global cooperation.

At some point someone will get frustrated and the bullets will fly. Predictions then become impossible.

It won’t be the end of the world. People will adapt. And once again, say never again.




I try to write stories with an alternate view, seldom discussed in the general media.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

10 Fundamental Laws of Macroeconomics

Emerging Markets: Under and Unbanked #FutureOfFinancialServices

What’s Holding Back Agricultural Finance?

5 Things Covid-19 could radically change

Why The Rising Stock Market Should Scare You Silly

EUR/USD possible trend reversal trade setup on Election Day?

EUR/USD possible trend reversal trade setup on Election Day?

Regulatory Capture in American Banking

Wall Street sign

Firefighting by Ben Bernanke, Tim Geithner and Hank Paulson

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Max Rottersman

Max Rottersman

I try to write stories with an alternate view, seldom discussed in the general media.

More from Medium

The West has invaded Russia five times — no wonder Putin is angry

Because of Tesla Semi, we’ll see more trucks on the roads in the next few years in spite of the…

A silver Tesla Semi in Rocklin, California

Tesla FSD Raises Price to 12k: Why It Isn’t Worth It

From Mugged in 1970s to Scammed in 2020s