Reality

Tyler Durden's picture

We've Run The Numbers And It's True - This Is A Failed Strategy





The urgency to put your savings to work is understandable, but patience is a virtue. Sometimes the hardest thing to do is to wait for the right opportunity to come along... The math is pretty simple.

 
Tyler Durden's picture

The Singularity Is Already Here - It's Name Is Big Data





It seems like everyone and his brother today are wringing their hands about AI and some impending “Singularity”, a moment of future doom where non-human intelligence achieves some human-esque sentience and decides in Matrix-like fashion to turn us into batteries or some such. Please. The Singularity is already here. Its name is Big Data. Big Data is magic, in exactly the sense that Arthur C. Clarke wrote of sufficiently advanced technology. But here’s the magic trick that we're worried about for investors...

 
Tyler Durden's picture

Arthur Berman: Why Today's Shale Era Is The Retirement Party For Oil Production





Much of what's been 'sold' to us about the US shale oil revolution is massively over-hyped. The amount of commercially-recoverable shale oil is much less than touted, returns much less net energy than the petroleum our economy was built around, and is extremely unprofitable to extract for most drillers at today's lower oil price. To separate the hype from reality, Arthur Berman explains the recent US oil production boost from shale drilling as short-lived and somewhat desperate; a kind of last hurrah before the lights get turned out...

 
Tyler Durden's picture

Varoufakis Warns "Cloud Of Fear Over Europe Becoming Worse Than Former Soviet Union"





The cracks in the foundation, walls, and ceiling of the European Union are beginning to widen. During an interview with Italian State TV RAI3, Greek Finance Minister Yanis Varoufakis hinted at Greece's "New Deal for Europe" strategy (to be financed by the EIB) but it was the glimpse behind the curtain of EU solidarity that was most shocking as he explained, "Greeks don't have a monopoly on the truth. What we can do, for the rest of Europe, and for Italy in particular, is to open a small door to the truth," adding rather stunningly, that Italy "stands in solidarity with [Greece] but cannot tell the truth as they fear of possible consequences on behalf of Germany."

 
Cognitive Dissonance's picture

The Paradox Inherent in Any Slave Nation Revolution





The ultimate enemy of a revolution is not the oppressive government it is attempting to overthrow, but the general population it is trying to 'free'.

 
Tyler Durden's picture

How QE Helped Main Street





This is a chart that truly screams "Recovery!" In fact, it is quite clear that things are far better now than they have ever been before. If your life seems to be at odds with the obvious economic reality, you are clearly not working hard enough (or perhaps not at all).

 
George Washington's picture

Brian Williams’ Lie: The Bigger Picture





Star News Anchor’s Fib In Context

 
Tyler Durden's picture

Brian Williams: When Smart People Do Dumb Things





The current controversy enveloping the news anchor for NBC Brian Williams is both growing in furor as well as out right shock. As many of you have probably heard he has come under direct fire that is quite real as opposed to the fictional accounts he’s been extolling about a helicopter incident he had in Iraq a few years ago. The main stream media (especially that of television) is currently in the death throes of any semblance of credibility, let alone believability. As more and more incidents resembling the likes of these continue, the quicker as well as scope of their ratings failures will persist. For this is no longer a symptom – it’s now a full-blown metastasized cancer plaguing the main stream media as a whole.

 
Tyler Durden's picture

Debt In The Time Of Wall Street





Greece’s problem can only be truly solved if large scale debt restructuring is accepted and executed. But that would initiate a chain of events that would bring down the bloated zombie that is Wall Street. And it just so happens that this zombie rules the planet. We are all addicted to the zombie. It allows us to fool ourselves into thinking we are doing well – well, sort of -, but the longer term implications of that behavior will be devastating. We’re all going to be Greece, that’s inevitable. It’s not some maybe thing. The only thing that keeps us from realizing that is that the big media outlets have become part of the same industry that Wall Street, and the governments it controls, have full control over. And that in turn says something about the importance of what Yanis Varoufakis and Syriza are trying to accomplish. They’re taking the battle to the finance empire. And it should not be a lonely fight. Because if the international Wall Street banks succeed in Greece, some theater eerily uncomfortably near you will be next. That is cast in stone.

 
Tyler Durden's picture

Guest Post: How Vaccine Hysteria Could Spark A Totalitarian Nightmare





At the end of the day, the issue here is one of freedom, and freedom is the freedom to choose – even if we make a bad choice. The argument that I must vaccinate my children for the good of the community is not only scientifically questionable, it is an unethical precept. It is the argument all dictators and totalitarians have used. “Comrade, you must work tirelessly for the good of the collective. You must give up your money and property for the good of the collective, and now … you must allow us to inject your children with what we deem is good for the collective.” If American’s don’t stand up against this, then we are lost. Because we have lost ownership of ourselves. Our bodies are no longer solely ours – we and our children are able to be commandeered for the “greater good.”

 
Tyler Durden's picture

Only 44% Of U.S. Adults Are Employed For 30-Or-More Hours Per Week





Most Americans just assume that the economic numbers that we are being given accurately reflect reality. That is why it is so refreshing to have men like Gallup CEO Jim Clifton step forward and tell the truth. Don’t be fooled by all the happy talk from the mainstream media and from politicians like Barack Obama. The truth is that the percentage of U.S. adults that do have “good jobs” is actually far lower than 44 percent.

 
Tyler Durden's picture

China’s Monumental Debt Trap - Why It Will Rock The Global Economy





Needless to say, Greece is only the poster child. The McKinsey numbers above suggest that “peak debt” is becoming a universal condition, and that today’s Keynesian central bankers and policy apparatchiks are only pushing on a giant and dangerous global string. So now we get to ground zero of the global Ponzi. That is the monumental pile of construction and debt that is otherwise known on Wall Street as the miracle of “red capitalism”. In truth, however, China is not an economic miracle at all; its just a case of the above abandoned Athens stadium writ large.

 
Tyler Durden's picture

Difference Between US Manufacturing Workers And Waiters Drops To A Record Low





The difference between America's manufacturing workers and waiters has dropped to a record low of just 1.387 million. The same difference was 11.3 million on January 31, 1990.

 
Tyler Durden's picture

Where The Jobs Were In January: Education, Health And Retail





As already observed, when it comes to tracking the job losses in the energy space, the BLS had some rather significant "seasonally-adjusted" or otherwise issues in January, reporting just 1.9K job losses in the oil and energy exploration space, when the reality was orders of magnitude higher. But while the Bureau of Labor Services may have failed to notice the collapse of the highest-paying US jobs (after Wall Street of course), it determined that over 250K jobs were created in other sectors. Where were they?

 
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