> For years the world will be harsh for the ‘bottom 50%’ but we can hope for some sort of transformation. All I want for Christmas [in 2020] is for that "botto

> For years the world will be harsh for the ‘bottom 50%’ but we can hope for some sort of transformation. All I want for Christmas [in 2020] is for that "bottom 50%" to not pick up pitchforks. Never forget serious tail risks. Will we still be using the same system of currency 5 years from now? Will entire stock markets become nationalized? Will we get true dictators in some "medium quality" countries or perhaps even in some "high quality" countries? Will China survive the massive lack of demand without political or military turmoil?