Image by Oleksandr Pidvalnyi from Pixabay I’ve been quite critical of private investments. They’ve grown tremendously over the past decade. Drawn to their seemingly high returns and low volatilities, investors have poured billions into them, reallocating funds from traditional public stocks and bonds. While the Federal Reserve’s (Fed) aggressive policy hikes slowed inflows for some..
Image by 14995841 from Pixabay Note from the author: I use the terms stability and instability throughout this article. However, resiliency and fragility, respectively, more accurately describe the phenomena that I’m describing. Centralization creates fragility and decentralization creates resiliency. Please note this as you read the article below which I left in its original form…
