Reality

Is The Donald A Dollar Risk?

The U.S. dollar will weaken sharply if Donald Trump wins the presidential election in November, according to Bloomberg's Mark Cudmore. But it’s less clear if the sell-off has legs beyond his potential inauguration in January.

"It's Only Like This, Until It's Like That"

It is not surprising that after one of the longest cyclical bull markets in history that individuals are ebullient about the long-term prospects of investing. The ongoing interventions by global Cental Banks have led to T.I.N.A. (There Is No Alternative) which has become a pervasive, and “Pavlovian,” investor mindset. But therein lies the real story...

Is This A Death Sentence For U.S. Strippers?

There were a lot of predictions last year that 2016 would lead to the disappearance of many strippers – the oil well producers who take nearly depleted “stripper” wells and keep them running and producing a few barrels a day. While many strippers have taken action to cut back some of their less profitable wells, by and large, stripper production is much more resilient than many had expected. That reality holds important implications for the industry at large... but strippers are facing new problems from proposed federal oil and gas regulations though.

How You Got Screwed - A User's Guide To A Rigged System

"The generations before you actually did have a real shot at achieving their dreams, but over time, so many people cheated, looking for shortcuts to achieving their own dreams, that they ended up changing the game. They rigged the game, and now that it’s your turn to play, they’ve made it almost impossible for you to win."

A Crisis Of Intervention

"Dishonest money has created a culture of speculation out of ordinary producers and savers. As a result, we confuse financial markets for the source of our wealth." Perhaps at some point our central bankers will come to appreciate that wealth is not created by the printing of money. It is created by honest entrepreneurial endeavour, which is itself jeopardised by constant monetary intervention.

An Economic Myth Of Olympic Proportions

According to Olympic legend, hosting the Games is an economic boon for the chosen city and country. In reality, the Games are more often a boondoggle, as Rio de Janeiro is finding out.

Howard Kunstler Rages "Wake The F**K Up... Gravity Always Wins"

"...distortions in markets, currencies, and capital are spinning out in an ever broader, centrifugal gyre, coinciding, as chance would have it, with the most peculiar election in modern times. The incoherence and deceit on both sides is far beyond even the extravagant American norms of dauntless political bullshit. We literally have no idea what we’re doing in this country, or what we’re actually wishing for. The financial structures of everyday life look more fragile than ever. Gravity always wins."

"Something Is Not Right"

Overall, the “mixed signals” backdrop that has been in evidence for quite some time continues to prevail. And yet, we can see that a number of data points remain quite weak or are deteriorating further (particularly RGPDI). Strong payrolls data are not a reliable indicator of future economic growth – and considering that money supply growth remains at more than 8% y/y, current economic data look actually exceptionally poor (normally more pronounced boom conditions would be expected). Any slowdown in credit growth will quickly sink the good ship US economy.

The Trick To Staying Sane In The Market's New Normal Ponzi Narrative

Just as there’s a scheme to pay old investors with new investors money (aka a Ponzi.) There’s another part of the scheme that rarely gets talked about: i.e.,The narrative that fuels the scheme to begin with. Much like the original structure which involves money, this too needs an ever-growing amount of gullible, willing participants. However, the currency here is narrative.