Sunday, June 30, 2013

Post 2008: History's Largest Self-Burial

The total costs emanating from the 2008 financial collapse are on a mind-boggling magnitude so large as to give lie to everything said by every apologist for the status quo in the past five years.

While the events leading up to and including 2008 dug a massive crater, it's the actions taken since 2008 that have irrevocably widened and deepened that crater to bury the globalized economic clusterfuck once and for all. This post-2008 era was all just a massively deluded self-burial for history's dumbest society...

Friday, June 28, 2013

Zombie Capitalism

Paul Farrell really gets it. His latest commentary is over the top excellent. He describes a mortal battle between zombie capitalism and the planet. The current way of life has turned human beings into denatured mindless zombies hell-bent on destroying themselves and the entire planet. In the thousands of years leading up until now, resource pillaging and non-stop warfare were not terminal to this planet or the human race. However, in a world of 7 billion people armed with nuclear weapons, past performance is no guarantee of future results...

Thursday, June 27, 2013

Black Swans Thrive On Greed And Mass Delusion

Financial market Black Swan events (aka. asset crashes) are neither rare nor unpredictable. I call them 'brown swan' events i.e. highly predictable inevitable events that everyone assumes won't happen in their lifetime e.g. another debt crisis that will conveniently be passed on to the next generation. The analogy of a brown swan is a person with his head in the sand when a white swan flies up his ass.

Here I am hanging out with a Black Swan back in 1971: 

Wednesday, June 26, 2013

BTFD: It's Never Different This Time

Each of the past three rallies has been slightly higher than the previous one in order to headfake the Idiocracy at large into believing that this time will be different...

Tuesday, June 25, 2013

Keeping Up With the Dow Joneses

According to the warped logic of the Idiocracy, you are a fool for not being a fool...

Monday, June 24, 2013

Monetary Policy (Still) @Full Retard

It only took four years, but finally the Bank for International Settlements (BIS) came out swinging against Bernankenstein and other global central banks. This is just one more sign that there has been a sea change in thinking towards this idea of subsidizing borrowing in order to solve a debt problem aka. Monetary Policy:
"The "borrowed time" central banks have created with ultra-low interest rates following the collapse of Lehman Brothers in 2008 has not been well used". 
You don't say...

Friday, June 21, 2013

A Pointless Way of Life, Now Self-Destructing

Time is running out on this ageing phony society and its appropriately fake policy of "Extend and Pretend"; which means that my days of blogging are coming to a predictable catastrophic ending. My last post will come when the Idiocracy gets monkey hammered into oblivion. Despite all of the head fakes over the past four years I am resolute in the fact that we need to "thread the needle" to survive this nascent meltdown. Putting aside the siren song of Wall Street, this isn't a fucking mystery novel, although the ever-obfuscating "inflationists", have made this situation out to be far more complex than it really is. Earlier this week, the inflation trade was taken to the woodshed as both gold and emerging markets got obliterated. In the last few days, reality came for the credit markets - just the latest asset class to succumb. As it was in 1987 and 2008, interest rates are now rising in the face of an over-bought U.S. stock market, the last asset class to roll over. Since the Dow has yet to plunge lower, the Idiocracy is still overwhelmingly complacent at this juncture, even though the number of stocks making new lows has spiked to a two year high, indicating major internal damage and confirming the Hindenburg cluster.

Ayn Rand Would Be Proud - Everything Got Sold, Including The Economy

The real story that no one wants to talk about - and the reason why Extend and Pretend is doomed to fail - is that this latest Fed-sponsored bubble covered up the rampant outsourcing that went into overdrive after 2008. It was history's biggest estate sale. All while the Idiocracy was keeping up with the Kardashians and otherwise shoving their head up their own ass. I almost shit a brick yesterday when John Boehner talked about the nation of "builders". The U.S. was a nation of builders up until about 30 years ago. Then this current generation of business dealers came along and liquidated what prior generations had built over 200 years, all while glassy-eyed con artist buffoons in Congress looked the other way.

The Scylla and Charybdis of Deflation and Higher Interest Rates

Interest Rates Will Keep Rising Until Stocks Collapse. 
Events of the past week confirm our thesis that Central Banks have no exit strategy to avoid asset (and price) deflation aka. "The Minsky Moment". Only a "Risk Off" event will reverse the rise in interest rates, so the markets are now boxed in...

Thursday, June 20, 2013

Death Cross

Occurs when the 50 day moving average crosses the 200 day moving average...

Hindenburg Clusterfuck 7.0

[Updated: June 20th, 2013]
Somehow I screwed up the Hindenburg count. I can't keep track anymore - apparently there have now been seven occurrences in the past eight weeks, which according to this chart, is some sort of record for such a short period of time. The signal gains accuracy when seen in clusters... 

Monday, June 17, 2013

This Isn't A Fucking Mystery Novel...

I just read this article on ZH stating that all market predictions are akin to astrology in their predictive value. Unfortunately, estimating the shelf life of this manufactured bubble we live in, is not a fucking mystery novel for the delight and entertainment of the Idiocracy. I suppose for those who slept through the other two monetary-inflated asset bubbles in just the past 13 years, and for those willing to lose everything this next time around, then this must all seem like just another academic parlour game...

Friday, June 14, 2013

The Most Cynical Society In Human History

Any society which blithely assumes that a high degree of greed, corruption, deception and mealfeasance is just "business as usual", will be totally surprise obliterated when it all leads to collapse...

Monday, June 10, 2013

Hindenburg Clusterfuck 4.0

The last time there were four Hindenburg Omens clustered together, was at the top in 2007...

Sale at Walmart

When Walmart peaked in 2008, the market crashed...

Saturday, June 8, 2013

Over-Confident Buffoons Running Amok

Raw facts and data have never been more abundant or accessible. The usable information gained via the analysis of these raw facts and data, is likewise unprecedented in quantity and quality. Unfortunately, judgement, which is the interpretation of information, has never been worse...

Friday, June 7, 2013

The Hindenburg Express

I was tempted to go postal with an epic rant today, but there is nothing left to say. Blog-blasting the oblivious Idiocracy has left even me exhausted.  You can't convince people to believe something that they are unwilling or unable to accept, regardless of how obvious or true; which means that I've been pounding sand up my ass for four years straight. This overwhelmingly corrupt society has a first class rendezvous with destiny:

Thursday, June 6, 2013

Subprime 2.0

It's not hard to spot the *new* "subprime" of this current monetary bubble cycle i.e. the epicenter for the next collapse. Aside from Japanese (Spanish, Italian, "insert country here") bonds, the most likely next candidate is junk (aka. high yield) bonds.

Wednesday, June 5, 2013

The Pump and Dump Gains Momentum

Global risk markets are breaking down, but complacency reigns on Wall Street...

Relentless Deflation

Those who still don't understand why Monetary Policy is no longer working, beyond (temporarily) inflating asset prices, are being constantly smacked in the face with the answer...

Hindenburg Omen 3.0: Major Cluster (Fuck)

The third one this cycle. The Hindenburg Omen portends a market crash, especially when seen in clusters