All of the lies got bought with both hands this Lehman anniversary week. Let's see what good fortune the God of reality brings THIS New Year...
Indeed.
Let's see, this week:
The fake reflation trade came back in size
The Fed pounded the yield curve down to recession levels
Big cap tech, and Apple in particular, got monkey hammered
OPEC met and did nothing, as usual
Nuclear-armed mad men traded apocalyptic escalations
The Keynesian bombing trade pinned the casino to all time highs...
First off, today the dumb phone era ended:
Any questions?
Speaking of unraveling, Republicans' latest medieval Trumpcare plan even has the insurance cartel defecting. The GOP has exactly one week to pass their tax money grab after which they need 60 votes in the Senate which is a bridge too far. Supporters can take solace in the fact that their party did everything possible to take from the working class to give to the bailout class...
You know a plan is bad when even the insurance cartel throws up on it...
The Fed pulled an epic Jedi Mind Trick on weak minded fools this week by telling them the economy is strong, despite all data to the contrary. Gamblers took no time putting the fake reflation trade right back on, while extolling the virtues of dunces over data
After all, no serial conned muppet has seen this movie before...
Unfortunately for that delusion, no tax cuts and no reflation, means less carry trade liquidity for propping up the casino.
Each rally sees less and less inflow:
OPEC put on yet another good Jedi Mind Trick of their own:
"Fool me every time, I enjoy it"
The only way this charade continues day after day amid massive technical damage is thanks to volume and volatility compression...
But then eventually luck runs out...
Record volatility short positions visualized:
"Leadership"
Key reversal of fortune
"War is the only answer"
"The ancient Rabbis contrasted God's sovereignty with the rule of Rome. Rome seeks its own glory, wars against other peoples to subjugate them, revels in material existence, lives off the work of slave labor, allows many to die of poverty and starvation, and promotes entertaining circuses and gladiator spectacle. The Rabbis, picturing redemption, remark that the messianic age will be recognized when an end is brought to the rule of wickedness."
