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A decade ago I was in my car at a stoplight, and there was a bunch of seagulls eating a discarded bag of fast food in the intersection. When the light turned green, the car in front of me went slowly to give the seagulls a chance to fly away, but they didn't. Instead, the car's tire just slowly ran over a whole pile of seagulls, who just kept going after the fast food as they were run over. I just watched horrified as this played out. Every once in a while, I just wonder why the seagulls never got out of the way despite how slow the threat was. Anyway, looking at the bond market reminded me of this again today.

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this reminds me of my seagull story from when i was 18 years old down at Virginia Beach for vacation with friends after high school graduation. we were possibly inebriated while throwing bread to the seagulls outside of our balcony. hundreds of seagulls. just an incredible amount. we were laughing and rolling on the floor at them all fighting one another for the bread. then the people on the patio down below started yelling at us to stop feeding them, because they were pooping all over them. good times.
↩ replying to Tristan Brice Velloza Kildaire
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Happened to me, too. But without fast-food. A pidgin was landing on the road ahead of me, so I slowed down to allow it to fly away. It kept sitting there while I rolled on. It was not killed by my tire but probably tried to nope out while under some moving part as I heard a short blender noise and saw a field of feathers in the back mirror. Guess that's natural selection at work.
maybe the seagulls were Urbanists like @Brent Toderian ? urbanists believe that getting out of a car's way is victim blaming. that everything is the fault of cars, that you should never wear a helmet as a cyclist and always jaywalk as a pedestrian to show cars who the road belongs to. one urbanist on Twitter always filmed his children crossing the street - he would put them on the road and film from the sidewalk hoping they get run over so he can use it for his social media. when i pointed out this was bad parenting he blocked me. you see trying to keep his children safe would have been victim blaming - but thanks to educators like @Brent Toderian Urbanists know better, because it's always the car's fault.
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A decade ago I was in my car at a stoplight, and there was a bunch of seagulls eating a discarded bag of fast food in the intersection. When the light turned green, the car in front of me went slowly to give the seagulls a chance to fly away, but they didn't. Instead, the car's tire just slowly ran over a whole pile of seagulls, who just kept going after the fast food as they were run over. I just watched horrified as this played out. Every once in a while, I just wonder why the seagulls never got out of the way despite how slow the threat was. Anyway, looking at the bond market reminded me of this again today.
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Like the seagulls fixated on the fast food despite the impending danger, investors often become fixated on certain assets or strategies, even when there are warning signs of potential risks or threats. They didn’t want to see the danger ⚠️ The survivors may look at this dangers in the next stoplight.. hopefully
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some kind of inertia plus believing only in official sources. your story reminds me fat-cholesterol story in nutrition. Even though it's been proven many times that fat is not dangerous, some people and doctors still repeat the mantra about fat and cholesterol.
My guess is just because the threat was slow it went unnoticed. Like booling a frog. I watched seagulls pushing each other and literally climbing over one another trying to eat more. They're used to being pushed, so they didn't realize the danger.