Which is the foremost lesson from Globalization, yet to be learned by the de facto Idiocracy:
"Real GDP has never been higher"
"All commodities must be sold"
The holy grail of gambling is to find the perfect crash indicator that both indicates the economic cycle is ending and that capital has been sufficiently misallocated to create a panic crash. This week we got news that the Fed is done raising rates for the foreseeable future, 2nd quarter GDP missed expectations, Transports are crashing, and the last retailer standing has imploded. Arguably the "indicator" light is flashing red alert. But as usual, the burden of truth is on bloggers instead of on the lamestream CNBS media who've been peddling bullshit for eight years straight...
Historically, the casino has ALWAYS peaked ahead of the economy. In Y2K by a full year. In 2007 by a few months. In this cycle, Central Planning for billunaires assures that the economy will be in a (back-dated) recession before gamblers realize they're fucked company. Nevertheless, the burden of truth somehow still rests with us realists. One blogger believes he's found it - recreational vehicle sales.
In reality of course, Amazon was merely saving Whole Foods from Whole Foods:
Then two weeks ago, they started selling refrigerators online, which took out home improvement stores:
This week they started selling Mocha Frappuccinos online. Which proves my hypothesis that the people at IBD are as dumb as a fucking brick:
Goodbye CappuccinoConomy, we hardly knew ya - the 'Free Trade' narrative that the U.S. would outsource manufacturing and then obtain competitive advantage in Cappuccino production, just went out the window...
Island reversal of fortune, visualized:
All of which means that Amazon will be selling Winnebagos next. And then the underwear shall be mighty stained.