Reality

Great Expectations (Not)

This is what happens when societies (and individuals) can’t face the true quandaries of a particular moment in their history. All of their attention gets channeled into fantasy: spooks, sexual freakery, conspiracies, persecution narratives, savior fairy tales. It’s been quite a cavalcade of unreality for the past six months, with great entertainment value for connoisseurs of the bizarre - until you’re reminded that the fate of the nation is at stake.

Pepsi Lays Off 20% Of Its Philadelphia Workers, Blames Soda Tax

With sales slumping because of the new Philadelphia sweetened beverage tax, bottling giant Pepsi said it will fire 80 to 100 workers, or about 20% of its total employees in the city. The layoffs come in response to the beverage tax, which has cut sales by 40% in the city.

Brexit Reality: "Paying Any Exit Fee Is Absurd"

The primary problem in these negotiations is the EU nannycrat fools believe they can force the UK to pay ridiculous exit charges on top of other demands. The ideal approach for the UK is to simply walk away. What can the EU possibly do that does not hurt the EU even more than it does the UK?

A Look Back At 1999!

"If this market rally seems eerily familiar, it’s because it is. In fact, the backdrop of the rally reminds me much of what was happening in 1999...If you were around then, you will remember."

America's Miserable 21st Century

The Great American Escalator is broken - and it badly needs to be fixed. With the election of 2016, Americans within the bubble finally learned that the 21st century has gotten off to a very bad start in America. Welcome to the reality. We have a lot of work to do together to turn this around.

Visualizing The Worrying Decline Of Freedom Around The World

The 20th century was a bull market for literacy, freedom, prosperity, health, and technology. However, things have changed since the turn of the century - freedom has actually declined on a global basis for the last 11 years.

This Is The Only Chart Americans Should Be Worrying About Right Now

While the stock market (and VIX) signal utter calm, signs of stress are very clear in America's money markets. With Treasury's cash balance plunging to just $108bn this week as the debt ceiling deadline looms, newly ensconced Treasury Secretary Steven Mnuchin will be forced to order “emergency measures” to effectively buy more time for the government to pay its creditors and cover revenue shortfalls to keep the government operating.