Reality

Now, A Trade War; Next A Shooting War?

A popular thesis since the 1930s is that a natural progression exists from currency wars to trade wars to shooting wars. Both history and analysis support this thesis. Is this pattern repeating itself today? Sadly, the answer appears to be yes.

"The World's Most Feared Investor" Lashes Out At Safe Spaces

"Central bankers who are desperately attempting to keep asset prices well above their free-market values serve to create the very opposite of a "safe space." It is actually a brittle and unsustainable space — brittle because nobody knows when the artificial constraints on volatility and price-discovery will suddenly and tectonically shift and return closer to historically-normal levels."

Kunstler Warns "Being In This World Actually Entitles You To Nothing"

"It’s hard to accept that our set-up is about to stop working - especially something as marvelous as techno-industrial society. But that’s exactly what’s happening. If you want a chance at keeping on keeping on, you’ll have to get with reality’s program."

"Visions Of Cataclysms": Why Eric Peters Is Starting A Long-Vol Fund

"Rising volatility begets rising volatility. And given the unprecedented volatility-selling in this cycle, I can imagine a historic reversal. And at that point, investor imaginations will run rampant with visions of cataclysms. It is always thus, it is who we are. Confidence in a tomorrow that is indistinguishable from today will vanish, replaced by some new hysteria."

Doug Casey On The End Of The Nation-State

"Thomas Paine had it right when he said: 'My country is wherever liberty lives'... But where does liberty live today? Actually, it no longer has a home. It’s become a true refugee since America, which was an excellent idea that grew roots in a country of that name, degenerated into the United States. Which is just another unfortunate nation-state. And it’s on the slippery slope."