1929 Deja Vu: Let's Just Pretend This Isn't Happening

"Way back in 1929, no one seemed to notice that commodities had peaked several years earlier. They also didn't pay too much attention to the fact that bonds had peaked a year earlier as well. Stocks continued ploughing ahead, as if they could never go down again"

The year has passed. Credit markets have been "risk off" since January

Emerging Markets Debt

Etraders: Always the last to know

1933 Deja Vu: Depression Disguised by Smoke and Mirrors

March 2012: Information Technology & Innovation Foundation (ITIF.org)

"Since 2000, the U.S. lost 33% of its Manufacturing Jobs - Worse than the Great Depression"

"Despite this unprecedented negative performance, most economists, pundits and elected officials are remarkably blasé about what has transpired."

Shock Doctrine Comes Home to Roost

"Seattle's 1999 WTO Protesters Were Right"

Manufacturing Employment

I think we all see where this is heading

Clever Dunces: The Generation that Laid Itself Off

Higher education turned frat party, interrupted by rote memorization

An Unquestioning Borg
This disaster in broad daylight could only be made possible by history's largest assortment of fakers and posers. A University system that pumps out over-confident buffoons like widgets from an assembly line. A seamless Borg having winnowed life down to an extended high school popularity contest where faking it is all that matters and real work is eschewed for Marketing and Finance chicanery, as the real economy gets monetized for consumption. Even at this late juncture, they're all fully oblivious to their catastrophe unfolding around them. Why? Because they outsourced their "thinking" to leadership buffoons who are even more clueless and fake: Game show hosts masquerading as leaders. The underwear will be mighty stained when everyone realizes that the frat boys who created this disaster, can't manage their way out of a paper bag.

Extrapolating their popularity contest into the indefinite future while putting themselves out of their own jobs. Very clever.

The Denialation is Deafening

"There's still no better time to invest in energy"

ZH: Dec. 12th, 2014

80% of Shale Oil is Unprofitable at these Levels

Linear Extrapolation of the Impossible, Into the Indefinite Future

Is the #1 Cause of Self-Implosion

The Best Market Timing Ever

ZH: December 12th, 2014

"Consumption Sentimentality Highest Since 2006 (2004, 2002, 1995 etc...)"

Who wants more Kool-aid?

Belief in serial Psychopaths is back at subprime levels.

Disposable Workforce

Q: Why Are Some People Reluctant to Embrace Third World Incomes?

New York Times, December 11th, 2014

"The Vanishing Male Worker"

"The share of prime-age men — those 25 to 54 years old — who are not working has more than tripled since the late 1960s, to 16 percent"

The Idiocracy's Re-Learning Curve

aka. "Aw fuck, not this again!!!"

Global Macro: Time travel is possible after all...

Russian stocks and oil are back in 2005 (they lost another year overnight)

The Canadian dollar and copper are in 2006, on their way back to the 1990s...

Denialation: The problem that fixes itself

The Daily Meltdown

We've never seen this before: The 8th Hindenburg Omen in two weeks. 

Skynet is getting desperate...