The Short Fast Emergency
Now I remember why I blog. There are parts of this fiasco - like the past five years - that will seem to go extremely slowly almost glacially, like Kunstler's "Long Slow Emergency". However, there are parts of this clusterfuck that will go extremely quickly and violently. Volatility is mean reverting and periods of extreme complacency are always followed by periods of panic. To not have perspective and some state of "preparation" going into the time of panic, will be perilous indeed.
"It Can't Happen to Me"
The Poor Don't Exist
A Lethal Manic Feedback Loop
Human Ponzi wealth lingers ever more tenuously at all time highs supported by the thinnest thread of fabricated contrivances. Central Banks, over-confident buffoons, massive doses of prozac, and HFT bots have generated a lethal manic illusion. It's a social mood reverse feedback loop. Instead of social mood engineering markets, markets are engineering social mood. HFT bots don't have emotions, so they didn't get the memo that this was all supposed to end a long time ago. This resulting manic state of epic false confidence that attends today, must be resisted at all costs. It's all premised upon a Faustian Assumption.