On the surface, it looks like downside risks have been destroyed - papered over by ultra-low interest rates. But he said they've only "shifted it in form and time creating new and unique fragilities as they try to transmute what cannot be changed."
http://www.zerohedge.com/news/2018-01-08/has-world-gone-mad-look-new-normal-low-volatility-regime

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.