Goodbye To All That: The Demise Of Globalization And Imperial Pretensions
China and other emerging economies and the global expansion of the magic elixir of skyrocketing consumption, credit…
Continue readingChina and other emerging economies and the global expansion of the magic elixir of skyrocketing consumption, credit…
Continue readingEither the science is wrong and the complacent will be proven correct, or the science is correct and the complacent will be wrong…
Continue readingDisregard these second-order effects at your own peril…
Continue readingThe economic storm hasn’t passed; the false calm is only the eye of the financial hurricane…
Continue readingThe greater the excesses, speculative euphoria and moral hazard, the greater the reversal…
Continue readingIf you think global demand will rebound as global debt and confidence implode, you better not be making consequential decisions based on magical thinking…
Continue readingThe question of legitimacy isn’t limited to China…
Continue readingThe eventual price of substituting magical thinking and survivorship bias for actual evidence will be far higher than the complacent realize…
Continue readingWhen the stampede tumbles off the cliff, buyers vanish and markets go bidless…
Continue readingAre these claims even remotely plausible for a highly contagious virus that spreads easily between humans while carriers show no symptoms?
Continue readingThe coronavirus epidemic in China just poured fentanyl in the Dow 30,000 punchbowl…
Continue readingIt was not at all apparent that the mighty vessel had been fatally wounded…
Continue readingThe psychotic instability will resolve itself when the illusory officially sanctioned “capitalism” implodes…
Continue readingThe system that has so enriched the self-serving crowd is unraveling. Technocratic tweaks, carbon trading and philanthro-capitalism can’t fix what’s broken…
Continue readingIn 2020, increasing monetary and fiscal stimulus will be the equivalent of spraying gasoline on a fire to extinguish it…
Continue readingThe worship of mortals as demi-gods and faith in Golden Idols triggers a turn in the karmic wheel as near-infinite hubris invites divine retribution…
Continue readingThe global economy and financial system are both running on the last toxic fumes of financialization and globalization…
Continue readingWhat are the internal contradictions that could unravel capitalism from within?
Continue readingOne day the stock market ‘falcon’ will no longer hear the Fed ‘falconer’, and the Pavlovian magical thinking will break down as the market goes bidless…
Continue readingAfter 11 years of “the Fed is the market” expansion, the Fed has now reduced its bloated balance sheet by 6.7%. This is normal, right?
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