Fat and Happy

Judging by my blog stats which are now trending down for the first time in 12 months, you would think that all of the world's economic problems have been solved. Complacency has a way of showing up when it can do the most damage.

Of course, the underlying economic problems - both here in the U.S. - and across most of the developed world, are moving in the wrong direction. The Central Bank Jedi Mind Trick of levitating the Dow Jones Industrial Average at all cost, has done its job of fooling the Idiocracy into believing that things are actually getting better instead of worse...

War on Terror II: Attack of the Drones (Now On Sale)

The Obamanator tried to bounce back from a week of bludgeoning by the Republicans over various second-term corruption fiascos, by telling the country that the "war on terror is over". Holy shit, you may as well have told the old folks home that dinner is at 7pm instead of 4:30. The Faux Newstards went insane. This black, communist, anti-christ is "projecting weakness" at the worst possible time.

Unfortunately, nothing projects weakness like seeing over-fed comfort-seekers talking about projecting weakness...

The High Cost of Faking It

All Ponzi schemes are premised on a grand lie. 

The globalized Ponzi scheme is based upon the biggest lie of all...

Cracks in the Facade

There were major dislocations under the surface of the markets this week.

As usual, the Idiocracy played hop scotch over the widening cracks in the pavement...

The Idiocracy Is Facing Extinction

History's dumbest society is facing annihilation. I just got back from taking my fifteen year old daughter to a soccer practice, all the way to the local University, because apparently the 500+ empty fields between us and the University were not suitable for a mere practice. One of three practices this week, book-ended by out-of-state weekend tournaments over six hours away. If you think I am an idiot for going along with this, you are correct, if you assume I had any say in it, then you must not be married. Now you know why I have a blog - because blogging and praying for meteor strikes are the only things keeping me from going full Unabomber and escaping to a cabin in Montana. This society - like its economic policies - has gone full retard...

The Largest Asset Crash in History

Parabolas and markets don't mix:

Supernova

You can tell I am somewhat superstitious and always looking for some arcane sign of the 'top'.

For example the S&P closing at 1666.

Or solar stocks going supernova...

Why Gold is The Canary In The Coal Mine

According to Pimco's El-Erian, gold is similar to Apple and Facebook - its valuation became stretched and disconnected with the underlying fundamentals and therefore its price could no longer be justified. This is a process he calls "stable disequilibrium".

In the real world, we call that "common sense"...

Born In The Bubble

The basis of Elliot Wave Theory is that social mood drives markets, therefore all other economic factors are second derivative. Meaning that when social mood reaches its maximum limits (manic or depressive), then the markets and economy will follow. The tangible manifestation of social mood therefore is in the stock market, which is the ultimate barometer of social optimism and pessimism. The wave counts that EWT uses to track the markets are intended to track the expansion, contraction and exhaustion of social mood.

That's all well and good, however, Central Banks and HFT bots didn't get the memo...

Humanity's Test: 666 - 1666

Well, humanity failed. 

After 2008, this society was confronted with the inherent depravity of the globalized ponzi scheme. However, instead of addressing those fundamental inequalities, this society, as usual chose instead to rebuild the temple of greed as quickly as possible and resume worshipping. At this juncture, those who have bought in to this phony market and this globalized ecological/human catastrophe (aka."the economy") --- have sold their souls.

Because as long as someone else's children were doing the dying, it was all good...