50 years ago America was catapulting a 6 million pound rocket to the moon and back. Fast forward to today and there is no manned space program. Instead, tomorrow's biggest IPO in three years, will facilitate teenage girls trading selfies back and forth, riding on internet technology invented in the late 1960s. No Kardashian-addicted stoner sees a problem with this...
Why? Because in an old age home it's EXPECTED that the status quo is rotting. However, our children and grandchildren are being dragged down by the S.S. Status Quo.
"All forward decks now open for swimming"
"All forward decks now open for swimming"
Fake news is not the problem, it's the solution. Because the denialists needing steady bong hits from fake news just to get through their day, are the real problem. And it's best they don't see it coming. Problem solved.
The problem with end-of-cycle rate hikes premised upon a fake-believe recovery, is not just that they implode the U.S. economy, they implode the global economy as well.
That's why Rest of the world stocks and Oil are tracking the VIX (inversely). They've been waiting patiently for Hegemonics to roll over and die its sudden and mandatorily "unforeseen" Ponzi death, while Faux Newstards watch Lawrence Welk re-runs in the background...
In the meantime, we can thank Central Banks for making hedging completely impossible for those who manage other people's money. Either they capitulate to the melt-up, or they jump off of tall buildings as one hedge fund manager did today.
The third option is to implode spectacularly and help drive the rally to its final asinine terminus.
Same result, regardless. No need to Occupy Wall Street.
There won't be one...
There won't be one...
And unlike copious fucktards who see mass unemployment due to robots, I see unemployed robots and bankrupt companies. Slight 180 degree difference.
Herein lies the entire problem...
The Fed is telling the long bond to accept the fact that reflation is coming. The long bond is telling the Fed that they're imploding the economy. Slight 180 degree difference. And for the record, the people betting on robots getting all the jobs are betting the Fed is right.
Good for them. I like self-imploding fucktards more and more with each passing day. When this all ends, I'll be sure to thank them.
Wall Street of course is now welded to the Fed Titanic via their bond short position and Financials (red) long position.
But, it's not their money anyways, so who cares?
March surprise: You're a dunce...
Janet Yellen with Jamie Dimon:
Herein lies the entire problem...
The Fed is telling the long bond to accept the fact that reflation is coming. The long bond is telling the Fed that they're imploding the economy. Slight 180 degree difference. And for the record, the people betting on robots getting all the jobs are betting the Fed is right.
Good for them. I like self-imploding fucktards more and more with each passing day. When this all ends, I'll be sure to thank them.
Wall Street of course is now welded to the Fed Titanic via their bond short position and Financials (red) long position.
But, it's not their money anyways, so who cares?
March surprise: You're a dunce...
Janet Yellen with Jamie Dimon: