Archive - Aug 9, 2015

Four days after we showed a video in which Nation of Islam leader urged black Americans to "rise up and kill those who kill us", two days after we reported that "Black-White Race Relations Under Obama are the Worst In The 21st Century", shots were fired, according to Reuters, on Sunday during a march in Ferguson, Missouri to mark the one year anniversary of the death of Michael Brown. More troubling is that none other than the potential future president of the US was adding gasoline to the fire yesterday, when in an interview with Al Sharpton Hillary Clinton discussed "criminal justice reform" and said the following: "in convicting of crimes, in sentencing of crimes, you compare African-American men to white men: it is unfortunately clear as it could be that there is a bias in favor of white men."

"If Greece collapsed and Grexit would be tomorrow’s reality, we would lose 3-4 billion euros more or less at once. So I hope that the EU and euro zone, that in due course, we can face the facts and say enough is enough and that we must do something else."

5 effective ways to deal with "naysayers" (Paul Krugman including)

We've been brainwashed into financializing the human experience. This is not a problem that can be fixed by tweaking state-cartel policies (Obamacare, banking, etc.) i.e. fake fixes. This is a problem that requires a complete rethinking of centralization, money creation, empire, wealth, prosperity, consumption and how we live.

On Saturday, we got what we called a stark "reminder of just who is lying hunched over, comatose in the driver's seat of global commerce" when China reported that exports fell 8.3% in July, far more than consensus and the most in four months. On Sunday, we got still more evidence of China’s economic malaise as producer prices plunged 5.4%, the largest Y/Y decline since 2009.

Here is an overview of next week's events and data placed in the larger context.  

With the usual two year delay, others such as Reuters, are starting to notice that under the Tesla hood there are nothing but cockroaches. And now that the growth "story" has taken a back seat following the latest guidance cut in deliveries, fears that the company will have to dilute shareholders to keep the "story" afloat, are rapidly emerging. Case in point, Reuters calculation of a fact that was known to most observers but certainly not to retail enthusiasts who "bought the stock just because others bought the stock", i.e., that Tesla loses about $4000 on ever car it makes.

China: "I wish that I could be like the cool kids. 'Cause all the cool kids, they seem to fit in."