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The Knockout Blow People Will Not See Coming
Submitted by Simon Black of Sovereign Man blog,
Have you ever done something really stupid, just because you were in love? Something you look back on and cringe, thinking “why on earth did I do that?”
Of course. Who hasn’t?
Fear. Love. Panic. Exuberance. Jealousy. Desire. These emotions have tremendous influence over human behavior. And when they kick in, they skew our judgment and cause us to do things that can only be characterized as highly irrational.
In the world of economics and finance, they call this ‘sentiment’. Consumer confidence, business confidence, investor confidence… these are basically emotional readings. Screw the numbers. To hell with the truth. It’s all about how people feel.
It seems crazy, but it’s true. Right now, for example, ‘sentiment’ is telling us that the euro crisis is over. It’s telling us that the debt ceiling is pretty much resolved. And, after taking five years to reach pre-crash levels, it’s telling us that the stock market is once again safe for the average investor.
Yet the numbers tell a completely different story.
In the US, politicians are celebrating their accomplishments that the US unemployment rate has declined to 7.6%.
Of course, the real figures show that the labor force participation rate (effectively the percentage of society that they consider to be in the work force) has just hit a 30-year low. And the economy is failing to create new jobs.
Perhaps most of all, the US debt level this year will hit the danger zone that Greece was in just a few years ago when the European debt crisis kicked off in earnest.
In Europe, the situation is so bad that even the government figures are dismal. Italy is officially in a deep recession. Spain is posting a public deficit over 10% of GDP. The Greek economy shrank (officially) nearly 6% last year. Etc.
Bottom line, the numbers don’t match up with sentiment at all. And this makes for precarious investment conditions.
Over the first quarter of this year, US stock mutual funds reported $52 billion in retail investment inflows, according to market data firm TrimTabs. This is the highest inflow in a decade.
In January of this year, retail investors poured a record $77.4 billion into the stock market. To put this in perspective, the prior record, set in February 2000, was $23.7 billion.
You can probably guess how that turned out. This whoosh of money into stocks happened mere months before the crash.
It certainly seems strange when you stack it all together: on one hand, record high deficits, record high debts, record low labor force participation. On the other hand, record high stock market, record high mutual fund inflows.
Something just doesn’t add up.
Investors are throwing caution to the wind right now... ignoring the basic fundamentals and focusing exclusively on euphoric sentiment. (Or central bank policy).
Some of you may know that I was a competitive fighter for a number of years. I can personally attest, and any boxer will tell you, that it’s the punch that you don’t see coming which knocks you out.
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Just did a search of all posts under my account, and everything before Jan this year has disappeared. Have you noticed the same thing, or is it just me?
I have a good memory. I hope my idiotic posts from the past were deleted. ;-)
That's a relief. Thought I was the only one who worried about past posts coming back to bite me on the arse! :)
Usually get all my history on zh from My Account - Follow This User's Comments - then putting in my a/c name in the form, but it seems pre 2013 posts are no longer linked. Oh well. That deserves another round of beers.
.
Something happened to that functionality (I believe around mid- or late-December 2012) and it now only returns links to commenters' posts going back to about the end of November 2012. However, the comments are all still there.
I'm guessing that a database table got screwed up somehow and the index never got rebuilt.
Well that is interesting, I have been here for a few years, my oldest post on record is Dec 1, 2012...... I wonder what this is about...
OK now I have to find my tin foil hat, damn I'm sitting on it... lol
Not enough memory?
+1
Mr. Black,
No need to be so wordy.
It's called Chaos.
Is there a point to any of the stuff SB wrote here?
Simon Black, international man of mystery, CIA agent, pro fighter, ninja, billionaire genius, needs to make no point. He IS the point.
Didn't know they served Dos Equis in India.
"Investors are throwing caution to the wind right now... ignoring the basic fundamentals and focusing exclusively on euphoric sentiment. (Or central bank policy)."
We're through the looking glass on this topic, I believe. Most investors believe that you don't fight the FED. You front run the FED. Over the last 4 years they've been throwing a party. Fundamentals are of secondary importance.
They may feel the only way they lose is if the FED yanks the punch bowl away very quickly. Opinions vary on the likelihood of that.
Speaking of blows, i've just turned off adblock and wtf is all the ads for mature latin and asian dating sites?
What kind of demographic is ZH? Why would these ads show when there's no density for these keywords, unless there's cloaked text.
How did I get ads on here of old women looking for old men??
I always love these posts- it's like someone dropping their pants and then asking everyone else "Why are my nuts so cold?"
I give an 80% chance that you're logged into your Google account (Me too, because all I'm doing is looking at ZeroHedge and Cracked- not anything that's actually important.)
So, that being said, here's a word to the wise- Google is a relatively benign overlord, but they're still like Santa Claus and his list. They serve you ads based on what your history says you want- if you want some privacy, then look at geriatric dating sites using something else. And for the love of all that is holy, don't publicly announce which content you've been served, unless it's as bland as a blank sheet of paper.
I shut off adblock every time I see one of these posts, and I've never seen a dating site, Snorg Tees (Though I'll admit, I feel a little left out on that one) or any of the other foolishness I see here in the oddball ad rant.
Here's a word to the wise, take it or don't- I don't care, I'm just a little tired and bored this evening. If you want to be treated like a serious person when you shut off the ol' AdBlock, then don't use your news reading browser to look for MILF asian and latina porn using Google Images. A modern guy ought to have two or three different browsers for regular business (seperate work from home,) as well as a TOR-enabled browser for the shadier activites that TPTB might not appreciate.
My results on this account, on this browser, brought up Charles Schwab, some doomer porn related to the Cyprian banking crisis, an ad for time-share Lear jets and a Rolex ad. Only myself and my god know what a different account on a different browser would have returned. I like Google fine, but I don't really care to have them know me better than my own wife does.
So, if you don't care to tip your hand as it relates to your browsing habits and sexual preferences, it's not necessary to change your searches- you just need to refrain from telling the rest of us by bitching about the ads that were selected for you based on your browsing history. Seriously man, mature Latinas? They've got fuller mustaches than I do. :)
Don't get me wrong, your righteous indignation works on lots of people in lots of places- but some of us know how the code works, and we just get a good laugh out of the protests. Next time, just keep it to yourself- no one would have even thought of it if you hadn't opened the dialog.
Thanks for the chuckle.
I'm not so sure about that. I often get the Asian dating sites and the older women looking for younger men. Believe me that is nowhere remotely connected to my search patterns. Mr miffed doesn't use my iPad and if he did his tastes run rather to the voluptuous European type ( lucky for me I fit his tastes) so I'm rather mystified by the whole thing.
Miffed;-)
At home I get ads for T Rowe Price, APMEX, etc. At work I get the Asian dating sites. At work I couldn't go to such sites if I wanted to. They are blocked. I can't even see some of the pictures on ZeroHedge because they are blocked. I don't understand how the ads get through but they do. I read ZeroHedge at home and at work. Simon doesn't have the best articles but I enjoy the comments. He seems to get ZHers riled up a bit. Three more days to work and I'm back to being retired.
Lol! I think the " riled up " part is by design. Frankly I enjoy it. You can almost see the spittle on the computer screens after some of the comments get posted. Psst... Don't tell anyone else they are possibly being manipulated here or things could get quite calm and boring. Anger often brings out some interesting revelations. Enjoy your retirement.... I'm jealous!
Miffed;-)
You might want to ask the IT guy for ip logs for your coworkers..... I'm surprised more bosses don't use these google pattern tracking content delivery ads as warning systems to catch workers surfing porn on company time. Actually I'm not surprised.
Yes, surfing the web is very dangerous to do at work. I used to read ZH at work and was told it was inappropriate even during my breaks. I continued out of sheer anger and they blocked the site. My husband was so angry about it he bought me an iPad. They then changed the password to the wireless so I had to get a damn data plan. Now I see it's really better now I only use the computer at work for business related items. Less ammo for them to use against me in the long run.
Miffed;-)
guys, the inevitable is it will break, and get knocked the fuck out. Saying that....move on. Skydive, get a hooker, have a threesome, cliff dive, learn to fly, eat out an old midget whore. Just do something,because you are right, and no one will fucking care.
...or sell your car and TV for that sniper rifle you always wanted deep down inside!
But you can't buy the sniper rifle or ammo for it if you should be lucky enough to find one.
Homeland Security bought all of them already.
So who are the folks giving them first priority over public citizens and why? Does the U.S. Gov. now have "fairness representatives" at each gun manufacturer?
Sorry bud...
While you dive and screw and play and fly and eat, I'm pretty sure somebody else has to give a damn.
damn the torpedos
full steam ahead
"It's good being the worlds reserve currency".....H. Kissinger
one time sentiment took over and i bought a one bedroom casita in the chilean paramo for gringo prices...............................i was dreaming of fruit trees and naked virgins............wow, talk about a knock-out punch that i didnt see coming...........
Ya well....The stock market is 95% Istitutional and 5% Public ....Your point???
The knockout blow happened already. Its just taking a long time for our knees to give out and our head to hit the pavement.
We are at the point in the slo-mo where the fist is hitting the lower jaw and a tooth and pieces of blood and sweat are flying away from the face, which is contorted from pain and surprise.
Well said.
It's not difficult to understand. You have a guarenteed real return of -2% in bonds versus an unknown, maybe positive return in equities.
So Mr. John Q. Public out there looks at his dwindling nest-egg & envisions two possible futures...
1) Nest egg slowly decays (guaranteed outcome)
or
2) "Roll dem bones" in the stock market.
Unfortunately, what he/she doesn't envision is the possibility that #2 leads to a loss of 30%, 50%, or more. He is completely anchored in the very recent past where the market has doubled in the past few years.
Lemmings over the cliff!
I'm pretty sure I'm asleep and dreaming all this madness.
Only in some insane dream could so many people fall for the obvious lies coming from the supposed 'brightest and the best'
Hopefully, when I wake up the world will all make sense.
Anyone have a decent alarm clock?
I think you'll die in your sleep before the day comes.
JMHO.
The entire world is on rubber leg street, wobbling around the ring and dreaming of that steak dinner after the fight. Too bad our teeth are laying on the canvas.
The crap is all over us...
I reduced reading and watching any type of news by 50% compared to 6 months ago. I read my news looking at FX charts and XAU and XAG and headlines are good enough now. When I see XAU and XAG are dumped to their lows - it is sure indication they are trying to squeez the blood out of the stone. Last attempts of CBs to tells us everything is cool, while it is not. There are no more surprises. Everything is going by the playbook Zimbabwe went through with minor variations and on a bigger scale.
We are the point of no return and we do not exactly know what will hit us. The future coming is obvious for the most parts. Welcome to Hell!
: "it’s the punch that you don’t see coming which knocks you out."
I wouldn't compare the coming collapse to an unseen punch. I'd compare it to being strapped into a chair in front of a firing squad.
http://www.reuters.com/article/2013/02/05/snsreaal-cds-idUSL5N0B55TF2013...
Was this reported here?
Were the Italy Bank CDS auctions from July 2011 during the same week as the U.S. government downgrade posted here which caused 40% losses in many stocks?
Nope.
Why not? Because it is too profitable to be in the know. Do not share information to the sheeple.
I found this website when I googled CDS Auctions and found ZH. Good info, then it got too profitable to be shared.
Just an FYI - do your own forensic research.
Anybody remember this article from ZH?
http://www.zerohedge.com/article/isda-cds-settlement-auction-hidden-gold...
The MSM, Animal Spirit Brigade propaganda begins in 3,2,1
Happy Days are Here Again....
Except for The Bear who has had quite a slog through the long, long winter of ever expanding bullshit accompanied by ever expanding equity prices.
I expected the top at 1158, 1258, 1358, 1458 and I am now short at 1558
I like that short @ 1558 Bear. That's a winner next week. The R/R on that trade is sweet. +1
Sell in May and Go Away
Unfortunately May is still 24 days away
Fuckin' eh... me too.
Bears are hard headed though.
In Alaska, I remember carrying a special load for my .44 s&w, special for the Browns...I never shot that .454 though. Anyway, it takes a lot to take us down apparently.
Oh, Simon. This is so worth a proper story.
Let's go back around 12,000 years ago, when that last Ice Age started receding, and Homo Sapiens and Neanderthals having worked it all out (genocide and a bit of the old in-and-out). Now, what was the most adaptive strategy then for success?
Answer: Herd an entire shit load of ruminants towards a cliff, with your amazing new tools of "fire" and "basic ability to reason wind speed". Wastage back then makes modern deep trawlers wasting 95% of catch amateurs.
If you think the predators of today are working in any more a sophisticated way, then sure: they are, but why "improve" on an oldy and goldy. If the entire sum of your knowledge is that flocking towards (the only) success is a given, then sadly s/he who knows all about about flocking, ecological behaviours, and about the last 20 years of ecology is going to blow your mind.
Your answer is more revealing: look up the American Carrier Pigeon [source] or the poor Buffalo.
Less nice version: the people cutting up the first and second line social finance holdings are going onto the big prize, sovereign wealth funds.
And, after taking five years to reach pre-crash levels, it’s telling us that the stock market is once again safe for the average investor.
Just then you think it is safe to get back into the water...
“More than $600 billion was taken out of domestic mutual funds from 2007 to 2012, Detrick noted, and only a fraction of that amount has been put back to work this year.” – Market Insider, CNBC, 2 Apr 2013 (Ryan Detrick is senior technical strategist at Schaeffer's Investment Research.)
“In December 2012 alone, $55 billion made its way out of the market as fears over the so-called fiscal cliff scared off investors.” – Aaron Task and Lauren Lyster, Daily Ticker, Jan 30, 2013
“Investors are piling into stocks at a record pace, while companies are no longer supporting share prices. In the past, a combination of massive investor buying and net corporate selling has often coincided with market tops.” -- TrimTabs analysts, 06 Feb 2013
I am starting to feel like ppl on zh just keeping reciting to same info over and over again. Yeah I know that the economies are going to crash.i know that the governments are in desperation to stop the crash from happening blah blah. Same old story different day.
The reason I started reading zh was because I was hungry for information and wanted to know more. Now I'm looking for solutions.
Some of my fav comments I like reading are the one that actually have substance. Like pros and cons of bit coin or why buying gold and silver will preserve wealth when the shit hits the fan. The types of things help me make better decisions on where I feel I should put my money. I think to many ppl take places like this for ganted and don't realize the true purpose of places like zh where anyone can come get a wealth of information and make better decision based on what they feel is right.
Or maybe I'm just rambling lol.
I know how you feel. But that doesn't help, does it?
The reality is that there are no "Get out of Jail Free" cards here. We all know that there is a serious systemic problem- but unless you are already a billionaire who has the resources and contacts to purchase thousands of acres of airable land, a private security contractor with unflinching loyalty and enough weaponry to supply a private militia, you're pretty much fucked like the rest of us.
All you can really do is accumulate things that you feel have value that won't spoil. Think about what your neighbors- or maybe more essentially, what the neighboring farmers might need if the lights went off an all the local businesses closed their doors. In reality, that's going to be specialized knowledge.
Let's take an example- let's say that you have decided that you are going to be the soap magnate for your area after a collapse. You could get started on that goal by purchasing as many bars of soap as you can fit in your car every week, and stockpiling them in your shed. That would get you some milage, to be sure- but here's the rub. If all you have is goods, I could come and take them from you at any time, and you would be in the position of a man who knows his soap trying to defend his wares against a man who knows militiary-grade tactical manouvers who hoarded guns and ammunition. Even if you were not killed, the loss of your investment could mean your death if that was your only plan.
Now, if you were the only guy in 100 miles who knew how to make lye and render fat to make soap, there is a far greater tactical advantage in keeping you alive so that you could supply the quartermaster of the local strongman in perpetuity with the soap that keeps his troops at least somewhat disease-free. Then the equation changes, and instead of being a target of opportunity, you become the soap guy, and whatever troops there may happen to be would defend you, rather than try to kill you.
I'm not saying you should learn to make soap, that's just an example. Just learn how to do something you feel will be useful after TSHTF. Even if you never *need* the skill, it may turn into a viable business or side income some day, and would be a far better use of your money than any investment in a finite good. That could be anything from puddling steel with a charcoal forge to the previously mentioned soap-making.
Knowledge, and by that I mean useful knowledge, always has its own built-in hedge. Even if unicorn farts and skittles somehow save the day, there will always be someone who is willing to pay extra for a product that is "authentic" because it was made by a single craftsman rather than by a factory in China. With the internet at your disposal, it's cheaper than ever to do- you don't want to skip hands-on experimentation, but it's always less expensive if all you need to pay for are raw material costs because you learned a trade on You Tube.
Think about all the things that a society needs to function- it's easy to come up with "farmer," but life is more than just food- you could learn to make clothing, repair broken plows, purify water, identify edible plants, generate wood gas to run engines, perform live music for the harvest-time street dance, whatever. As long as you are useful, you can help rebuild after anything that may come- the key here is useful. In a survival situation, nobody asks for a lawyer, or someone who can provide seamless b2b solutions in a shifting economic paradigm- people just want someone who can fix their pipes, or mend the worn-out knees in their pants. If you can do something like that, they'll trade for your skills so you can eat- but if all you have is an empty head and a building full of stuff, they'll take it and leave you to starve.
Gold and silver are great, and I have some of each- if the worst-case occurs, I'll use them to buy audience with the new elite, and carry on somewhat as I do now. But making them the only plan is a very bad idea- I hate to support a guy like Buffet, but you really can't eat gold, and without electricity, you can't even use a bitcoin. So make that a secondary priority- do what makes sense to you as far as $$$ goes, but realise that no matter what you have now, it's not really going to matter if things get really bad (from my perspective, that's a matter of "when," not "if.")
For some folks here, I'm preaching to the choir- for some of you, stock tips are what you're looking for. If that's the case, maybe taking up an equity stake in a grain mill wouldn't be such a bad idea, providing it's close enough for you to visit, and you take an active role in it starting yesterday.
But WTF do I know? I figured the proverbial shit would have hit the fan by now, and this website wouldn't even exist. Instead, we just keep on keepin' on. I'd rather it would just fall apart, so my kids can finish growing up in a hard world where hope is still a possibility if they work for it, instead of the shitty slave-driving system we have know, where indolence and irresponsibility is rewarded, while industry and foresight is punished through taxation and erosion of savings via inflation.
Just keep your eyes opened and your ears peeled, and if you see your neighbors being dragged out of their homes, man up and help them- because if you don't, it will be you the next time. If you don't believe that, just look at where things went after everyone abandoned the smokers- now they're gunning for big soda-pops and fat peoples' insurance premiums. Next it'll be salt and meat, if things hold together that long.
" and without electricity, you can't even use a bitcoin." What if you are the person who can turn the lights back on or get the web up and working? If a meltdown occurs, after food the goal will be to restore basic services to where we are today.
A very wise post. Thank you for providing the true hedge against the total collapse of present society. Much appreciated.
I am starting to feel like ppl on zh just keeping reciting to same info over and over again. Yeah I know that the economies are going to crash.i know that the governments are in desperation to stop the crash from happening blah blah. Same old story different day.
The reason I started reading zh was because I was hungry for information and wanted to know more. Now I'm looking for solutions.
Some of my fav comments I like reading are the one that actually have substance. Like pros and cons of bit coin or why buying gold and silver will preserve wealth when the shit hits the fan. The types of things help me make better decisions on where I feel I should put my money. I think to many ppl take places like this for ganted and don't realize the true purpose of places like zh where anyone can come get a wealth of information and make better decision based on what they feel is right.
Or maybe I'm just rambling lol.
Fixing everything in one easy step:
Governments are granted the exclusive use of force for particular ends. In the case of the United States the Federal government is granted this power for use in a very small number of well defined areas.
The use of coercion is an evil even if it is used towards good ends.
As we want as little evil in the world as possible, we must minimize the amount of government.
The US government has expanded its own role and authority unilaterally and without moral, ethical, or legal authority.
To fix all this, we must reduce the size and scope of government.
The House of Representatives can do this entirely on its own by simply not funding the ABC departments of the US government. Signoff of the senate and Prez are not required.
A smaller Federal government will mean less coercion and more freedom.
The responsibilities of the Federal ABC departments can be carried out by the states if they feel the programs are worthwile.
This is the only program you need to pursue to fix things.
.
No, the House cannot stop the train. Democracy is over and out.
The Prez has already signed enough executive orders for the country to officially move on to a full-fledged dictatorship, ... err, i mean ..., on to a fabricated "national emergency".
And besides, the Representatives have to play the game by "the rules" or the MSM (owned by TPTB) will destroy them.
That is the most cogent and eloquent observation that I have read today. So obvius the solution. So difficult to enact. The way to health if you have COPD is first to stop smoking. If your liver swells and enzymes elevate then stop drinking. The answers are so simple but at the same time so hard to do. There are but a dozen house members who even understand the Constitution. ALL republican leadership currently in the house have the same agenda that the socialists do. So hard to stop destructive behavior.
So have you done anything towards that end ... like mebbe voting for Gary Johnson last November?
He got 5% of the vote in his home state and was on the ballot in 48 of them.
Gary wouldn't need the same House that passed H.R. 933 "Monsanto Rider" that BHO signed while the sheeple were distracted with the silly Prop. 8 case where the Supremes apparently forgot why they had granted cert.
As Commander in Chief and Chief Executive, Gary would have had the power to bring home all the troops, and he's said over and over again that he'd start on that his very first day in office.
NOT TRUE:
The House of Representatives can do this entirely on its own by simply not funding the ABC departments of the US government. Signoff of the senate and Prez are not required.
People in general aren't very special or clever.
That's one of the biggest lessons you must learn.
All this talk about technological progress and singularities and no limits and "we're all going to become geniuses and millionaires and live forever" is bullshit, just more Amerikan propaganda.
Hey Simon, WTF is the point of this article? I read a lot of quality content here at ZH so why are you telling me things that I'm already aware of? Except I was not aware that you were "a competitive fighter for a number of years". I'm totally impressed (not).
Be patient, it is sunday. Just wait a few hours, and heading into monday open you shall get quality content en masse. Just not so much over the weekend ...
Just because I got tired of analyzing the mad characters in Shakespeare's plays tonight I decided to watch "Olympus has Fallen." Is that confirmation of a NWO set up for a false flag attack on the US or what? I mean how F'kn corny can the pantagon and Hollywood make things. As if anyone is going to believe N.Korea is working by themselves on this one. They had to make the movie at least a year in advance and now they release it just in time April 10th (the advertisements didn't put a release date on the ad poster). But Sun Young Moon has hinted he is going to set the nukes flying on the 10th.
The Rockefellers and Rothschilds are about to attack the US. No good M'Fers.
Just because I got tired of analyzing the mad characters in Shakespeare's plays tonight I decided to watch "Olympus has Fallen." Is that confirmation of a NWO set up for a false flag attack on the US or what? I mean how F'kn corny can the pantagon and Hollywood make things. As if anyone is going to believe N.Korea is working by themselves on this one. They had to make the movie at least a year in advance and now they release it just in time April 10th (the advertisements didn't put a release date on the ad poster - only APRIL). But un Young son Moon or whatever the fat boys name is has hinted he is going to set the nukes flying on April 10th.
The Rockefellers and Rothschilds are about to attack the US. No good M'Fers.
Maybe the FEDs set up the propaganda machine with Olympus over a year ago to meet their schedule for taking out N.Korea and the US at the same time. Who knows but it seems very likely judging by the sickness of the movie that sparks will be flying next week.
Nah, don't let yourself be bedeviled by this clownshow. Do you really think, they are able to plan one whole year in advance? Think of Hanlon's razor, and you shall find relief from your sorrows ...
Lets go to the viedo tape .......wadda mean it's too late for that ?
Well, late as in *the late* Dentarthurdent. It's a sort of threat. You see?
I hate sentiment. It's so mushy.
Mama said knock you out
Don't you call this no regular jam
I'm gonna rock this land
I'm gonna take this itty-bitty world by storm
If there is one sign that a downturn in stocks is ahead, it is retail investors getting back into the market. I have been wondering if there would ever be a time when the FED would NOT prop up the market. They cannot exit QE, so they won't. However, if the gov/fed/banker cabal wanted to enact some stealth wealth transfer (besides inflation), they could just fleece retail stock investors. Retail gets in at the top. The FED starts jaw-boning the markets down. The connected gov/bankers position accordingly. A sharp downturn in stocks fleeces the retail investor, gov/banker make out like bandits, gov/banks get back in at the bottom, FED starts ramping again.
The more retail investors get in to stocks, the greater the chance of a (pre-planned FED-induced) correction, IMO.
Sentiment=wishful thinking, delusion and/or denial fed by gov't deception.
And besides, it's the only plan he knows.
The knockout punch comes daily brought to you by the people that have the invisibility cloak and know you better than you know yourself.
It has been my experience that those who claim to be or have been boxers are full of shit. Real fighters don't need to announce it.
Looks like the gubmints and central banksters don't like bitcoin as well as gold!
Hack attacks hit Bitcoin exchange rates
We ar ein the deflaiton portion of the cycle ight now for many things such as retail clothes, houses, cars, and so on. However, food, energy, health care etc are still soaring higher.
He forgot "greed" in this opening list (of emotions) that correlate with irrational decisions.
Simon, love the picture of cassius clay. the greatest gladitor of modern times-- truly, no warrior in the ring will ever hold a candle to Mohammad Ali
To put it simply, its a fucking controlled demolition.
Central Banks worldwide are now adding ETFs and REITs to their balance sheets. Check the news from Japan last week. Never before could this have even been imagined!
The "investors" who keep buying regardless of price are not just "sovereign wealth funds" but now central banks of countries that explicitly and deliberately are creating inflation.