My take on the current stock market rise

The pandemic is bigger than 2008 and climate change will dwarf either. Financial institutions like to think they run the world but there are a number of competing forces always at work. I’m old enough to remember when the Swiss bankers were supposed to be the secret masters of the universe. They weren’t.

I don’t want to trivialize the power of trillions of dollars. I just object when the complexity of power is not fully articulated.