Saturday, June 11, 2016

Blind Swan Diving Into Pavement aka. Conflict of Interest

Sadly, having one's head lodged in their own ass, does not constitute a Black Swan event...Wall Street throws off insane amounts of systemic risk, but no one hedges for it. That's what bailouts are for...

Nassim Taleb fabricated the term "Black Swan" event so that Wall Street could onboard asinine amounts of risk while pretending that nothing bad would happen. For example, giving NINJA loans to illegal aliens, packaging them into multi-level ponzi bonds and selling them as "AAA". Unfortunately, there are no "Black Swan" events in Finance, there are only idiots being idiots with other people's money...

Forbes June 11, 2016 
Black Swan event:

1) The event is a surprise (to the observer).

2) The event has a major effect.

3) After the first recorded instance of the event, it is rationalized by hindsight, as if it could have been expected; that is, the relevant data were available but unaccounted for in risk mitigation programs.

Excuse me, did you say the data was available but rationalized after the fact, as if it could have been expected? What the fuck does that even mean? In other words salient facts and data are only relevant after implosion. Prior to implosion, they're completely invisible. Only the most eager dumbfucks believe this bullshit. 

Since all that matters is the S&P casino, and therefore the rest of the world has been rendered down to an unforeseeable Black Swan event, here are some Blind Swan events that are totally invisible to PhDs with their heads straight up their own asses...who will enjoy being bankrupt at the hands of their own delusions...

World ex-U.S.: Remember, you never saw this BEFORE the crash...because it was invisible.


Submerging Markets:
A tall wick on the weekly exactly at 2008 levels. We've seen this movie before, but we've forgotten the ending. We'll rationalize this after-the-fact as having been visible...


London FTSE
Got Brexit?


German DAX
Got imploding bond yields, or as Bill Gross calls them "Supernova" wanting to happen?


The French are so done with this charade. The jokes are free...


The Nikkei is struggling to re-take 1986...


Hong Kong: Hang Seng


Shanghai Surprise with China GDP
Look up to the Hang Seng. Look down. I see said the blind man...


And the all time greatest chart...
The IQ test for stoned zombies

Q: Granted, we've only seen this same pattern twice before, but how do you think it ends? Take your time, you have at least until Monday pre-market S&P Futures, when Europe sells down the U.S. like they did on Thursday and Friday...