Chemistry professor, and infamous market observer Dave Collum, author of the encyclopedic 'Year in Reviews',senses "existential risk in the American Experiment." In an excellent interview with The Cornell Review, Collum opines on everything from 'safe spaces' to 'social unrest' warning "people are now mad, and it shows in the chaotic election. We are guaranteed to elect a president that half the populace finds repugnant...Change is in the air."
According to Jeffrey Miller, "all the conditions for a market crash are in place" but when it happens is anyone's guess and ultimately depends on "how dumb things will get before" central banks finally stop.
A very reliable rule of thumb to keep in mind during (and before) a banking crisis: don’t trust anyone in the establishment, especially a politician. It’s good advice these days.. Europe’s banks and its governments are caught like two drunken sailors holding each other up.
"...the increasing desperation of central bankers and their willingness to boost inflation at all cost is going to lead to a plethora of unintended consequences, all of which are likely to boost the gold price."
"Greed and fear are teachers... Do not read the newspapers, or follow the news in any way or form...It doesn’t mean ignore the news; it means that you go from the events to the news, not the other way around... If something is nonsense, you say it and say it loud...One should never do anything without skin in the game."
The press, it appears, is a bit lost in their own lurid presentations of reality in the projected battle of good vs evil that the 2016 election has become. By way of public service, Nassim Taleb has created a simple "cheat sheet" to clarify in his words "with more rigor" what reality is, instead of "through the eyes of idiots."
The system is rigged... and rotten. Elections are exercises in solemn deceit. And the Fed’s management of the economy is a mixture of delusion and self-serving scam. We don’t have much doubt about it. That’s just the way it is. But that honesty is "cynical" and "anti-American," according to some. However, we’re not alone in our skepticism. Apparently, about half the country is “anti-American.”