Jan 302019
 
 January 30, 2019  Posted by at 7:58 pm Primers Tagged with: , , , , , , , , , , , ,  
Flash-Balls, Pitchforks And A Backstop

FacebookGoogle+TwitterLinkedinemail Jan van Eyck Madonna and Child at the Fountain 1439 (height: 7.4“, 19 cm)   It’s educational and even somewhat entertaining to observe the role of the western press in the ongoing erosion and demise of democracy in Europe. But while it’s entertaining, it also means their readers and viewers don’t get informed on what is actually happening. The media paints a picture that pleases the political world. And it it doesn’t please politicians to lift a veil here

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Jan 242019
 
 January 24, 2019  Posted by at 9:08 pm Primers Tagged with: , , , , , , , , , , , , , , ,  
The CIA, Lost In The Orinoco

FacebookGoogle+TwitterLinkedinemail René Magritte The black flag 1937   One thing I am not is an expert on Venezuela. What I know is the country has the world’s largest oil reserves, mainly in the Orinoco Belt, but they come in a form of tar sands that while they are not as hard to exploit as Canada’s (viscosity), they’re far from easy, and buried deep. And I know Venezuela had Hugo Chávez as its president, who, for a socialist, was quite successful

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Jan 192019
 
The News About Fake News Is Fake

FacebookGoogle+TwitterLinkedinemail Johannes Vermeer Girl Reading a Letter at an Open Window 1657-59   In the last few days I was looking around for stories that could illustrate what fake news actually is, and I had a nice collection, but then last night Robert Mueller of all people clarified what exactly fake news is better than I could have. At first the BuzzFeed crew that was caught staring straight into the headlights has a feeble response (what exactly was untrue in

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Jan 092019
 
 January 9, 2019  Posted by at 7:27 pm Finance, Primers Tagged with: , , , , , , , , , , , , ,  
China Won't Be Taking Over

FacebookGoogle+TwitterLinkedinemail Pablo Picasso Massacre in Korea 1951   In the New Year, after a close to the old one that was sort of terrible for our zombie markets, do prepare for a whole lot of stories about China (on top of Brexit and Yellow Vests and many more windmills fighting the Donald). And don’t count on too many positive ones that don’t originate in the country itself. Beijing will especially be full of feel-good tales about a month from now,

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Dec 272018
 
 December 27, 2018  Posted by at 9:25 pm Primers Tagged with: , , , , , , , , , , ,  
2019: Zombie Markets Before The Fall

FacebookGoogle+TwitterLinkedinemail Francis Tattegrain La ramasseuse d’épaves (The Beachcomber) 1880   I haven’t really written about finance since April of this year, and given recent fluctuations in what people persist in calling the markets, maybe it’s time. Then again, nothing has changed since that article in April entitled This Is Not A Market. I was right then, and I still am. [..] markets need price discovery as much as price discovery needs markets. They are two sides of the same coin.

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Dec 252018
 
Dumping on the Donald

FacebookGoogle+TwitterLinkedinemail Rembrandt van Rijn The Adoration of the Magi 16xx   I still had some things I didn’t talk about in Sunday’s Trump Derangement International, about how the European press have found out that they, like the US MSM, can get lots of viewers and readers simply by publishing negative stories about Donald Trump. The US president is an attention magnet, as long as you only write things about him designed to make him look bad. The Guardian is only

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Dec 232018
 
 December 23, 2018  Posted by at 5:52 pm Primers Tagged with: , , , , , , , , , , , ,  
Trump Derangement International

FacebookGoogle+TwitterLinkedinemail Diego Velázquez The Spinners 1655-60   Dirk Kurbjuweit, deputy editor-in-chief of Germany’s Der Spiegel magazine for the past 4 years, unwittingly put his foot a mile deep in his mouth this week when he reacted to a letter written by US Ambassador to Berlin Richard Grenell. His reaction presents perhaps the most perfect example of the downfall of news, journalism, the media in general, that we’ve seen so far. Most perfect among very stiff competition. After Der Spiegel itself

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Dec 182018
 
2018 Chaos, 2019 Mayhem

FacebookGoogle+TwitterLinkedinemail Titian The rape of Europe 1560-62   It took me a while to decide which word(s) best define the past year and the next one, but I think this is pretty much it. 2018 was chaotic more than anything else, and that chaos will give rise to mayhem in 2019. What I think is striking is that this is true across the board, in all walks of life so to speak. In finance, in politics, in energy markets, in

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Dec 112018
 
 December 11, 2018  Posted by at 8:45 pm Primers Tagged with: , , , , , , , , , , ,  
Politics and Economics in Times of Crisis

FacebookGoogle+TwitterLinkedinemail Wilhelm Trübner A Gorgon‘s head 1891   The news still isn’t the news, and I’m getting afraid it never will be again, because not the news just simply sells so much better than plain old real events. Maria Butina suddenly popped back into the public eye, because she was either charged with something or confessed to it. And I’m thinking, excuse me, but that poor girl has been kept in isolation for how long now? And for what reason

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Dec 082018
 
Fairytales and Snowflakes

FacebookGoogle+TwitterLinkedinemail Rembrandt van Rijn Bathsheba at her bath 1654 (see video at the bottom)   There are not many things that I’m allergic to. But there are some. Here’s a good example: bigotry. Behold, in the article quoted below, the danger of political correctness in all its glory. A 30-year old Christmas song, Fairytale of New York, it is claimed, must be censored or banned. For a reason I’ll explain, such things always make me think of Rembrandt’s painting “Bathsheba

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