India

Hypernormalisation

During the last 20 years of the Soviet Union, everyone knew the system wasn’t working, but as no one could imagine any alternative, politicians and citizens were resigned to pretending that it was. Eventually this pretending was accepted as normal and the fake reality thus created was accepted as real, an effect which Yurchak termed “hypernormalisation.” Looking at events over the past few years, one wonders if our own society is experiencing the same phenomenon.

The Fourth-Generation War

For most people, the term “4GW” will conjure visions of a new and improved data service for their mobile devices. For members of the military and intelligence community, 4GW means something entirely different: Fourth-Generation Warfare, a form of warfare where the lines between civilians and combatants, political and military goals, and even the weapons to be used in fighting the war are blurred. Smudged to the point where even identifying the warring parties is difficult.

US Futures Flat Ahead Of December Payrolls; Dollar Rebounds

European shares fell modestly, Asian equities declined for the first day in three, and US equity futures were unchanged before the December U.S. nonfarm payrolls report. China’s offshore yuan fell the most in a year to pare a record weekly rally, while Mexico’s peso climbed after the central bank sold dollars. Oil was trading lower in early trading.

Fiat Money, Fiat News

Gresham’s Law: bad money drives good money out of circulation.

Hunt’s Law: fake news drives real news out of circulation.

Nomi Prins' Political-Financial Road Map For 2017

Today, the only thing keeping a lid on financial calamity is epic amounts of artisanal money. Deregulating an inherently corrupt and coddled banking industry, already floating on said capital assistance, would inevitably cause another crisis during Trump’s first term.

After Getting Almost Nothing Right In 2016, Here Are Byron Wien's "Ten Surprises" For 2017

After incorrectly predicting virtually every "surprise" for 2016 one year ago, the bulls better beware because in Byron Wien's list of "ten surprises" for 2017, the 83-year-old Blackstoner has turned decidedly bullish this time, and expects the S&P to surge to 2,500 while the US economy grows at a brisk 3%. With that, he may have just doomed any hope for a non-recession in 2017.

A Biased 2017 Forecast, Part 2

"Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance."