Saturday, May 19, 2018

Freedom Of Bullshit aka. Alt-Reality

It's abundantly clear that the Founding Fathers never contemplated as the outcome of the First Amendment, a society wherein everyone smokes their own brand of bullshit, while everything implodes around them in real time...

For the denialists, this week we got this dose of inconvenient reality from one of Trump's own cabinet secretaries, who was fired for having called Trump a fucking moron:

“If our leaders seek to conceal the truth or we as people become accepting of alternative realities that are no longer grounded in facts, then we as American citizens are on a pathway to relinquishing our freedom” 

Truth, he said, is the “central tenet of a free society.”

Speaking of getting fired, remember back in early April the week he joined the Trump White House, Kudlow was already out of the loop on the newly announced China tariffs?

Well, this week was deja vu:

BBG: Kudlow Says China Offered More Than $200 Billion In Trade Concessions

CNN: China Says Didn't Offer Anything

"China and the United States are offering different accounts of what has been discussed in high-stakes talks this week to avoid a trade war."

Not impressed by bullshit brinkmanship, China Tech was down 1.5% today, half a percent away from a death cross:

U.S. lies:

Global Macro lies:

"Dumb money"

Active Managers

Smart money

The waves are clearest on the Nasdaq