ETC

Breaking The Correlation Curse

The “Curse of Correlation” may have finally met its match. The President-Elect’s proposed policies break so completely with the last 8 post-Crisis years that investors are re-evaluating everything from the trajectory of long term interest rates to which sectors stand to benefit the most under a Trump presidency.

 

Carrier & The Broken Window Narrative

The “Carrier” deal, and future deals like it, only succeed in temporarily keeping the jobs of yesterday with a cost to taxpayers today.

Presenting SocGen's "Most Frightening Credit Chart"

"I sometimes feel like ‘The Grim Reaper’, scouring the research savannah in a ghoulish quest to harvest bad news with a forceful sweep of my scythe. Imagine then my perverse delight when our credit team produced what is one of the scariest charts I have seen for a very long time." = Albert Edwards

Trump’s Shot Across China’s Bow

"Trump’s purely symbolic shot across the bow, as an answer to all of China’s more-or-less purely symbolic boundary pushing in the Western Pacific, should, in fact, actually help the Chinese stay out of trouble, by putting them on notice that actions do have consequences, that there actually are costs to trying to repeatedly pin a clown nose on the sheriff."

Power To The People: John Lennon's Legacy Lives On

All of the many complaints we have about government today - surveillance, militarism, corruption, harassment, SWAT team raids, political persecution, spying, overcriminalization, etc. - were present in Lennon’s day and formed the basis of his call for social justice, peace and a populist revolution. Little wonder, then, that the U.S. government saw him as enemy number one.

Our "Gaslight" Financial System

Perhaps the ultimate gaslighting in human history is our current fiat money creation system that benefits the few at the expense of the many.

The Equation That Explains It All

There’s only one word for it now as to explain just how beholden the market is adhering to, and repeating the below calculus. And it just so has it, Einstein said it best: “Insanity.”