Cognitive Dissonance

Tyler Durden's picture

Chicago PMI Collapses To 13-Month Lows, Biggest Miss On Record





We warned last month that under the covers Chicago PMI looked a lot weaker than the headlines and this morning's collapse confirms that. Against expectations of a small rise to 63.0, Chicago PMI plunged from 62.6 to 52.6 (13-month lows) for the biggest miss on record. According to the release itself, "A monthly fall of this magnitude has not been seen since October 2008 ." The was an 8 standard-deviation miss from analyst expectations (Joe Lavorgna was on the high side at 63.0). New orders, inventory, production, order backlogs, and prices paid all dropped (but employment rose?). This is the biggest 2-month drop since Lehman (and 2nd biggest since 1980). We await the seasonal adjustment "correction" as MNI get the call from Yellen.

 
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Guest Post - Rethinking the Concept of Retirement





The continuity bias is astounding as many with assets address this as an “extra rough patch” to get through rather than the clear paradigm shift it has been telegraphed to be.

 
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The Individual Is Rising - A Book Excerpt





The revolution is already in motion.  It is a peaceful and intellectual revolution - not one of violence or force, and that is why it will succeed.

 
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Of Baling Wire, Chewing Gum and Sinking Ships





The promises of the master, used as currency to compel and reward our willing participation, can no longer be fulfilled since the economic system that is the ultimate delivery vehicle for those promises is about to sink beneath the waves.

 
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The Surveillance/Police State - Assisting the Dismantling of Inalienable Rights





Of course the surveillance police state is not used to control the individual, but rather the herd which in turn controls the non sovereign individual.

 
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Fourth Turning Accelerating





"In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” - The Fourth Turning - Strauss & Howe – 1997

 
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Exceptionalism – The Mind Killer





“Life's greatest comfort is being able to look over your shoulder and see people worse off, waiting in line behind you.” -Chuck Palahniuk

 

 
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Original Sin





Nearly all of us……well, all except our benevolent dictators, appear to be permanently caught in the first four stages of the Kubler-Ross black hole of loss and grief........

 
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Of Mice and Men and Natural Born Killers





If Vito showed up on your doorstep you were in a heap of trouble and things were about to get decidedly worse.

 
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Of Spilled Milk, Water over the Dam and Reality Intrusions





If her neighbor had told her she had won a million bucks I suspect she would have treated the news with a great deal more skepticism. Let the buyer of the belief beware.

 
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Enlightened Self Interest and Financial Industry Hypocrisy - The Final Chapter





I find it supremely ironic that ‘We the People’ have become modern day North American Indians and are taking fiat beads in exchange for our valuable land and labor. 

 

 
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Enlightened Self Interest and Financial Industry Hypocrisy - Chapter Two of Three





First we deny, then we deny we ever denied, and then we forget we were ever in denial. Man is an extremely efficient organic computing machine, so this is just kid’s stuff we learn right out of the crib.

 

 
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Enlightened Self Interest and Financial Industry Hypocrisy - Chapter One of Three





The level of governmental and corporate corruption, chronic unemployment, rising food and medical costs and the escalating taking of rights and freedoms are not unseen by the population at large, just desperately ignored.

 

 
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The Sovereignty Series - Orienteering : Lost in the Wilderness





We believe ourselves to be credible and intelligent, even though nearly all our working capital, our knowledge, is corrupt and seriously tainted.

 
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