Archive - Mar 14, 2015

The relative lack of political and internet freedom in China is well known, as is the egregious treatment of the Tibetan people. Despite having controlled Tibet since 1949, and the subsequent intentional migration of ethnic Han Chinese into the region in order to dilute the culture, Chinese authorities remain paranoid and filled with fear. So much so that the government is panicking at recent statements by the Dalai Lama that he may not be reincarnated. This screws up the government’s plan to name the next Dalai Lama and use him as a puppet stooge for the regime. Truly embarrassing.

The Fed has created a very very dangerous situation.

The answer, straight from the horse's mouth.

Having recently explained why the stock market is extremely overvalued (in his own words by Fed-driven multiple expansion alone), Alan Greenspan - seemingly brimming over with the need to remedy his years of lies/mistruths with some uncomfortable truthiness - is now taking on the US Dollar ("it is not from a strong US economy but a weak rest of the world") and oil prices (America has a massive surplus of oil and there may soon be nowhere to store all of it, "we'll be lucky if we can get $40 for it.")

There is no mystery anywhere to be found in the fact that US retail sales don’t follow the jobs trend. Not if you look at what kind of jobs they are, let alone at all the other made up and manipulated numbers that are being thrown around about the US economy. The only mystery is why everyone persists in talking about a recovery. That recovery will never come, simply because all 90% of Americans do is pay for the other 10% to get richer. There are many other factors, but that all by itself makes a recovery a mathematical mirage.