Monday, May 18, 2015

The Idiocratic Oath: "No One Can Predict the Inevitable"

Membership has its privileges

Subconsciously, the disposable society knows they're being lied to, but they don't care. Without the lie, there can be no shopping sprees, no cross-country soccer tournaments, no iGadgets, no unreality TV escapism. No external gratification as a proxy for "happiness".

Consumer Sentiment (red line) with forward reflation expectations (via 1 Year Treasuries)

"No one warned me this was all fake"