Given the history of intervention and “stimulus”, and more so when it occurs and really re-occurs, any impartial observer would be forgiven if they believed that QEs were actually constant impediments to growth. The proliferation of “stimulus” after the Great Recession correlates only with this downshift in the Japanese economy that cannot be due to demographics. At best, QEs have accomplished nothing at all positive, leaving no trace of something actually being stimulated for all the sustained “stimulus”; at worst, QE is the cause of Japan’s further nightmarish descent.
"That will precede a more general splintering to come of the republic, first by demographics, then by territory. The most exceptional thing about the US has been the rapidity of its rise and now fall in the roll-call of empires. We barely had time to put together a coherent culture that historians of the future (enjoying ratatouille with fresh rat by firelight) could identify, and now it’s all percolating into a dreadful maelstrom in which one catches glimpses of the Kardashians, PT Barnum, Betsy Ross, Davey Crockett, and Eleanor Roosevelt amid the detritus of broken Tupperware and flapping pages of the Affordable Care Act. What a goddamned mess we’ve left to posterity."
The broadest measure of the stock market has risen by 125% since 1999. The real median family income has fallen by 7%. Stated differently, the bicoastal elites who own most of the nation’s financial assets or who feed off the financial system and a debt-swollen central state in Washington, believe themselves to be in the pink of prosperity. They do not understand, of course, that this is all a giant bubble which at length will burst in spectacular fashion, causing their own unearned windfalls to shrink in the process. In the meanwhile, they may come to understand that the flyover zone of America has been left behind. The main street insurgency fueling Donald Trump’s shocking rise to the top of the Presidential race proves that much in spades.
Having recently tied her in a Rasmussen poll, Donald Trump is leading Hillary Clinton (by 3pts) for the first time in a national poll, according to FOX News. With a net honesty rating of negative 35, Hillary is losing by 9 points to Trump among white women but holds a stunning 83-point lead over Trump among blacks.
Sculpting Public Opinion From Birth To Death: "Schools & Media Complicit In The Destruction Of This Nation"Submitted by Tyler Durden on 05/18/2016 19:30 -0400
“We must start with the children – the seed corn – in order to grow them into what we wish.” -Adolf Hitler speaking in the Nuremburg Rallies
These are not normal times; treating them as such will likely turn out to be a grave error...
This won't end well...
If geography and demographics have already defined which nations will be attractive to capital and most likely to accumulate productive capital in their domestic economy, and those nations that will struggle due to high costs and low rates of capital investment, in effect Nature (geography) and Culture (demographics) have already picked tomorrow’s winners and losers. As individuals, we may harbor strong biases about which nations we want to see falter and which ones we want to see prosper. But as investors, we must strip away our political opinions and biases lest they interfere with our primary job, which is to preserve whatever capital we’ve accumulated.
If the nationalists get their way, this November might be the last time Texans vote for a US president. On Wednesday, the Platform Committee of the Texas Republican Party voted to put a Texas independence resolution up for a vote at this week's GOP convention, according to a press release from the pro-secession Texas Nationalist Movement. The resolution calls for allowing voters to decide whether the Lone Star State should become an independent nation.
Had the federal government held a constant measuring stick rather than "tinkering, engineering, distorting" key government calculations such as the size of the economy (GDP), the rate of inflation, level of unemployment, or size of federal deficits and federal debt...the reality we face would be plain and honest choices needed. Instead, the responsibility of those working for "the people" has been breached via falsifying and distorting each of these (over decades). This consistently improves the output and does not allow a true means to quantify and qualify the nations health. Simply put, the government has continually tinkered, tampered, and distorted the accounting so as to mislead or create a falsely positive appearance.
The Top 0.1% create our “bubbles” and they create our “crashes”, and they engage in these cycles of financial crime purely for their own profit. We have long suspected this. Now we have proof that they create the crashes.
It's not just "angry blue collar white men," that are supporting Donald Trump. Having received a record number of votes in a Republican nomination campaign and winning in some of the richest and best-educated counties in the country adding to victories in his more traditional strongholds of white working-class neighborhoods, statistician Nate Silver found - after reviewing exit poll data in 23 states - that Trump voters' median household income was higher than the median in every state, sometimes by a wide margin; and that 44% of Trump voters have college undergraduate degrees, compared to 29% of US adults.
"Capitalism Has A Crisis" - Deutsche Sees No Light At The End Of The Tunnel "Until There Is A Recession"Submitted by Tyler Durden on 05/09/2016 12:42 -0400
If Deutsche Bank is right, the Fed - which has staked not only its credibility but its very existence on keeping the US stock market propped up and artificially inflated - has a big problem.
Labour Party politician Sadiq Khan has been sworn in as mayor of London. He is the first Muslim to lead a major European capital. Khan - who won 57% of the ballot, or 1.3 million votes, a number which happens to be roughly equal to Muslim population of London - has promised to be "the British Muslim who takes the fight to the extremists." Others are not so sure. During the election campaign, Khan faced a steady stream of allegations about his past dealings with Muslim extremists and anti-Semites.