Without too much commentary...a parody of those Christmas letters most of us receive.
oftwominds-Charles Hugh Smith: The Christmas Letter I'd Like To See
Friday, December 26, 2014
Wednesday, November 05, 2014
The Trouble With Mass Delusions | Zero Hedge
The Trouble With Mass Delusions | Zero Hedge
Zero Hedge's summary of Paul Singer's Elliott Management letter to investors:
There is a current set of delusions that is powerful and dangerous:
...that monetary debasement can be infinitely pursued without negative consequences; that the financial system is now solid and sound; that the low volatility and high prices of stocks, high-end real estate and bonds are real; that bonds are a safe haven; and that large financial institutions which get into trouble in the future can be unwound in a much safer way than they could be in 2008.
...they will only enter the history books as mass delusions if they are unmasked in the future as unjustifiable and erroneous beliefs at the time they were held.
Zero Hedge concludes: We think that test will be met, perhaps soon.
The poodles think so too...stocking up on dog food and rawhide toys...for that day.
Best regards...and have a wonderful one!
Zero Hedge's summary of Paul Singer's Elliott Management letter to investors:
There is a current set of delusions that is powerful and dangerous:
...that monetary debasement can be infinitely pursued without negative consequences; that the financial system is now solid and sound; that the low volatility and high prices of stocks, high-end real estate and bonds are real; that bonds are a safe haven; and that large financial institutions which get into trouble in the future can be unwound in a much safer way than they could be in 2008.
...they will only enter the history books as mass delusions if they are unmasked in the future as unjustifiable and erroneous beliefs at the time they were held.
Zero Hedge concludes: We think that test will be met, perhaps soon.
The poodles think so too...stocking up on dog food and rawhide toys...for that day.
Best regards...and have a wonderful one!
Friday, July 25, 2014
Friday, March 21, 2014
What is your Plan B?
Do you have a Plan B if our current economic system collapses? Do you need a Plan B? Does it matter anyway?
This from Sovereign Man blogger Simon Black:
NASA-funded study: Over 32 advanced civilizations have collapsed before us, and we’re next in line.
...suggests an economic collapse is not the end of the world but, will be a major "reset" to the system. Have you considered what that means for you? What if?
Have a great weekend!
This from Sovereign Man blogger Simon Black:
NASA-funded study: Over 32 advanced civilizations have collapsed before us, and we’re next in line.
...suggests an economic collapse is not the end of the world but, will be a major "reset" to the system. Have you considered what that means for you? What if?
Have a great weekend!
Tuesday, February 25, 2014
Rick Santelli: What Would We Do Without The Government?
Rick Santelli is my hero...I guess there's more to this segment before Santelli's outburst but, he responds to one of the talking head's question: Where would we be with out the government?
While government in the appropriate measure is necessary, what we have today is way beyond the scope of what it's founders intended. What is the purpose of government? Not what we have today. I think that's where Santelli is coming from too.
While government in the appropriate measure is necessary, what we have today is way beyond the scope of what it's founders intended. What is the purpose of government? Not what we have today. I think that's where Santelli is coming from too.
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