Tyler Durden's picture

Forget Orwell And Rand, We’ve Gone To Full On Plato

Lately, we hear a lot about Orwell’s “1984? and Rand’s “Atlas Shrugged” but perhaps the best crystal ball to our current state of affairs is Plato’s Republic.  You see both Rand and Orwell were describing a world outside of themselves.  A world they couldn’t understand or accept.  And while those works are brilliant and incredibly prophetic, I expect that to understand a world borne of narcissistic sociopathy one must examine the construct of such a world by a narcissistic sociopath.



Tyler Durden's picture

Why Tony Robbins Is Asking The Wrong Questions

Looking for answers to both financial safety as well as financial freedom in the same light or viewpoint where it seems one only needs to “think like a billionaire” or “tweak” or “slightly modify” perceptions on how one approaches these financial markets today – will hurt more than it will help. The Wall Street everyone believes they are dealing with today is just in name and memory. What made sense just 6 years ago not only doesn’t but rather if you try to apply any sense that resembles “common sense” you might as well be asking the Cheshire cat for a more straight answer. "How exactly are you handling the stresses and strains having to basically push sound fundamental theories or market underpinnings aside and now trade and position money at risk based solely on what some Central Bank will do next?" This is the avenue I wish Tony had driven or sought.



Tyler Durden's picture

Summing It All Up In 1 Surreal Chart

Because, as financial media keeps propagandizing, it's all about the fundamentals...



Tyler Durden's picture

Hugh Hendry Live 3: "To Bet Against China Is To Best Against Central Bank Omnipotence"

In the final part of Hugh Hendry's 3-part (part 1 and part 2 here) interview with MoneyWeek's Merryn Somerset the Sanguine Scot, perhaps surprisingly to some given his previous negativity - though fitting with his world view of fiat currency destruction - believes "to bet against China or Chinese equities, or the Chinese currency is to bet against the omnipotence of central banks. One day that will be the right trade, just not ready or sure that that is the right trade today."



Tyler Durden's picture

This Is How Russia Does The (Dry) Ice Bucket Challenge

As The West shows its fortitude (and apparent philanthropy) with mere 32-degree Fahrenheit ice-bucket-challenges, Russian chemistry professor Yury Zhdanov goes 290-degrees better...



Tyler Durden's picture

One Of The Most Striking Equity Market Anomalies Explained

Since 1987, all of the positive equity returns have accrued during these seven trading days, and the average returns during the rest of the month have been negative.



Tyler Durden's picture

Obama's Path To 'Amnesty' (In 1 Cartoon)

Tee-daa...



Tyler Durden's picture

With A Hard-Landing Imminent, China Reminds Residents It Is Illegal To Jump Off Tops Of Buildings

"The situation has become so bad... that a middle-aged investor, fearing that a local developer wouldn’t be able to make his promised interest payments, threatened to commit suicide in dramatic fashion last summer. After hearing similar stories of desperation, city officials reminded residents that it is illegal to jump off the tops of buildings."



Tyler Durden's picture

Only in America: Snow Looters Pillage A Dorito's Truck

Because nothing says "living The American Dream" like looting an abandoned Doritos truck in the middle of a Buffalo, NY snow storm...



Tyler Durden's picture

The Astonishing Rise of Central Bank Fear

Anyone who looks at central bankers speak can sense the fear behind their absurd bravado, and the dishonesty of their public confidence.



Tyler Durden's picture

Energy & The Economy - Why Society Will Be Forced To Become Less Complex

"There is the risk that our exponential money system will cease to operate in a world of declining energy surplus.  It is designed for a world without limits – a world of endless growth. And there is the risk that our society will be forced to become less complex - a loaded statement if ever there was one."



Tyler Durden's picture

Proof That Golf And Economics Don't Mix

If anyone needed proof that golf and economics don't mix, it is the following two back-to-back tweets, one just sent out by Obama (or rather his teleprompter) attempting to do economics in under 140 characters, and the other describing what Obama is doing this very moment during his Las Vegas weekend trip.



Tyler Durden's picture

On The Looming Wall Of Chinese Defaults, Restructuring Firm Warns "You Know It's Coming"

The news this week of China's largest corporate bankruptcy - Haixin Iron & Steel Group - amid crashing iron ore and steel prices was followed by analysts noting it "will be followed by others," as the major flaw of producers of iron ore, the most traded commodity after oil, is they tend to be "over-bullish." Distressed debt funds are starting to circle in preparation for what they expect to be a bloodbath as Bloomberg reports, bad debts in China are well underestimated because authorities persist in propping up weak companies and bailing out local investors, according to DAC Management, "we've yet to see it because if you look at corporate defaults, they keep getting covered by the government. At some point, they can’t cover every single one." Most worryingly though, as KPMG points out, "when you see restructuring advisers getting hired by SOEs... you know it's coming."



Tyler Durden's picture

Sell, Sell, Sell... The Central Bank Madmen Are Raging

The global financial system has come unglued. Everywhere the real world evidence points to cooling growth, faltering investment, slowing trade, vast excess industrial capacity, peak private debt, public fiscal exhaustion, currency wars, intensified politico-military conflict and an unprecedented disconnect between debt-saturated real economies and irrationally exuberant financial markets.



Tyler Durden's picture

Contrary To IRS Lies, Some 30,000 Lois Lerner "Forever Lost" Emails Have Been Recovered

It is unclear whether the person in charge of the Lois Lerner "disappeared IRS emails" strategy was also Dr. Gruber, but whoever conceived of the idiotic idea that the fatal failure of a local hard disk means that emails which are stored on at least one server miles away, and subsequently downloaded via POP3, IMAP or some other protocol, have vaporized, clearly also relied on the stupidity (and laziness) of the American people. And like in the case of Obamacare, the lies worked, if only for a short period of time. And because when it comes to lies coming from the very top, there is never just one cockroach, and they always inevitably scatter, the latest headache for a scandal-ridden president is that Lois Lerner's email, supposedly gone in perpetuity, have mysteriously reappeared, and as the Washington Examiner reports, "up to 30,000 missing emails sent by former Internal Revenue Service official Lois Lerner have been recovered by the IRS inspector general, five months after they were deemed lost forever."



Do NOT follow this link or you will be banned from the site!