• Marc To Market
    11/22/2014 - 10:16
    Contrary to the death of the dollar chatter, the US currency continues to appreciate.  Here's why there is still punch left in the bowl.  
  • Tim Knight from...
    11/21/2014 - 21:06
    As you can see by this view of the NQ, this massively bullish news has not, as of yet, represented any kind of sea-change in the markets. Before the day was even out (again, in some, not all markets...

Cognitive Dissonance

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Sovereignty Series: Lost in America





People blame human nature as the source of our global problems, but they rarely see themselves as part of the problem. And yet there they are, smack dab in the middle of the mess, demanding someone else clean it up.

 
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Dispatches from Occupied Territory - Awakening Alone While in a Relationship





A common refrain from those who are awakening is they suddenly find themselves living with someone they no longer ‘know’. Rarely do they understand their partner may actually feel the same way.

 
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Four Score and Seven Beards Ago





Our technological culture seems to place us firmly in conflict with time itself. The rush to cram as much as possible into as small a slice of time as we can seems to be the holy grail these days, and the pace is accelerating exponentially.

 
Tyler Durden's picture

The Economy Is So "Strong" It Just Cost Obama The Senate





Based on the ridiculous, seasonally-adjusted data released day after day by the various US "Departments of Truth", also known as the BLS, the Census, the Dept of Commerce, UMichigan, ADP, the Conference Board and so on, the US economy is so strong and consumer confidence is so resurgent, America is on the verge of a second golden age. Sadly, for Obama, and last night's epic rout for Democrats, it was all a lie - a lie perpetuated by a manipulated S&P500 which hit daily record highs on unprecedented central bank liquidity injections which have now terminally disconnected the "markets" from the economy, and the welfare of the vast majority of the common "folk" - and said "folk" saw right through it.

 
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A Kept Culture





The perks that come with being kept will not survive the breaking of the keep.

 
Tyler Durden's picture

Harley Bassman: "The Fed Is Trying To Land A Jumbo Jet On A Football Field"





Once upon a time, one of the best sell-side analysts in the MBS space was Merrill Lynch's "Convexity Maven" Harley Bassman: he was so good, in fact, he was quickly soaked up to the buyside, or at least the prop-trading side, when several years ago he left Merrill to join Credit Suisse as a prop trader. It was here that he provided some insightful trade ideas such as "The "Anti-Widowmaker" Trade: Get Paid To Wait For The Japanese House Of Card To Collapse" and previewed the "Inevitable 'Taper'" at a time when most still didn't think the Fed was running out of paper to monetize. Then, about a year ago, Bassman disappeared again, only to reappear in a new capacity at recently-troubled bond manager Pimco. It is from here that following a year-long silences, he has just sent out his latest letter, in which he picks up on his favorite topic: implied volatility in rates, and the arbitrage opportunities it provides courtesy of epic risk mispricing in the current quote-unquote market, courtesy of the Fed's 6 year+ centrally-planned manipulation of, well, everything. 

 
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Guest Post - The Majesty of Mindfulness





The Mindful one does not seek to change the world; he seeks to change himself.

 
Tyler Durden's picture

What A Difference Two Weeks Makes: Spot The Cognitive Dissonance In These Two Headlines





Because what's two weeks between propaganda spewing friends?

 
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9/11 - The Ultimate Litmus Test





If nothing else we have learned it doesn’t matter how obvious the lie is if people don’t want to know the truth.

 

 
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Dispatches from Occupied Territory – Fear is the Mind Killer





While many will claim otherwise, often those who are awakening just want the system to be ‘fixed’ so they can go back to sleep.

 
Tyler Durden's picture

The Fed's "Mutant, Broken Market"





Financial markets are broken. Fundamental analysis and Modern Portfolio Theory are relics of the past. Investors used to care about maximizing a portfolio’s expected return for a given amount of targeted risk. Fed policies have led to (investor) herd behavior that has plunged market volatilities and manipulated asset prices and correlations to lofty levels. The allure of the Fed’s magic spell has lapsed investors into a soporific state of cognitive dissonance, with them focusing more on trying to justify valuations, rather than on the Upside Downside Capture Ratio. Markets have thus mutated into one of two possible combustible states. Either financial assets have all transcended into prodigious bubbles, or stocks and bonds are signifying two completely separate outcomes. Either possibility will have dangerous repercussions for the economy, and for portfolios and investors.

 
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Control the Language and You Control the Mind





It is the effective manipulation of our belief systems that enslaves us to the present day insanity.

 
Tyler Durden's picture

Canada Releases Atrocious Jobs Data; Then Revises It Above The Highest Estimate Following Public Outcry





This morning it was take two for the Canada jobs print, which was as follows: In July, Canada employment increased 41.7K in July according to Statistics Canada, from -9.4K in prior month. This was about 41K higher than the previous "erroneous" print, and double the original estimate: high enough to make everyone happy. In fact, it was so high, it surpassed the highest range of the forecast, which topped out at 41.4K based on 20 economists.

 
Tyler Durden's picture

The Privilege Of Watching War





The prospect of renewed war has little effect on the public anymore. But in reality, we can’t begin to understand how it feels to live under the threat of bombs and shrapnel every day. As Americans, and Westerners, we are gifted with the option to not partake directly in war, but play the casual observer. Is this really human progress? Have we reached the pinnacle of human existence where men can live comfortably cheerleading for mass murder? Did anybody think to question this outcome of secular materialism before celebrating its benefits?

 
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(Conditioned) Human Nature within the Insane Asylum





In so many ways caged from birth, is it any wonder we exhibit clear and disturbing signs of depression, neurosis and self destructive behavior?

 
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