In the movie The Matrix, humans are imprisoned in a virtual world by a powerful artificial intelligence system in a dystopian future...Life in our current society is very much the same. The difference is that instead of AI, it’s psychopathic oligarchs who are keeping us asleep in the Matrix. And instead of code, it’s narrative.
With global markets trading at all time highs, and the world economy benefiting from a coordinate rebound, the mood at Davos is surprisingly weary: "If things seem too good to be true in the global economy, they probably are."
It’s that time of quarter again; today we review some “Off the Grid” economic indicators: pickup truck sales and used car prices remain robust, and there’s some actual inflation in our Bacon Cheeseburger Index. One notable change: “Bitcoin” is among the top Google search autofills for the phrase “I want to buy…