Debt Rattle Boxing Day 2017
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Edward Hopper Christmas card 1928 • Shale Gas Fuels 40% Increase In Funding For Plastics Production (G.) • Bitcoin Could Crash Financial Market
[See the full post at: Debt Rattle Boxing Day 2017]Magical thinking is rampant. It has infected all aspects of the market.
Crypto, in whatever iteration, is just one aspect of magical thinking.
The “markets” are another iteration of MT (magical thinking); a step back is warrented along with total skepticism of all financials in today’s reportage…
Stay with the historical stores of value, as historically defined.
Crypto-currencies are being defined as stores of value by the likes of Max Keiser; wrong, wrong, wrong.
Max has lost his mind and will pay a dear price in the very near future.
It’s a mad, mad, mad world; best to avoid at every juncture…V. Arnold,
At the risk of stating the obvious, people need to understand the old “boom, bust, repeat” thing.
Someone once said that when the wealth gets shuffled into fewer and fewer hands, that’s a situation ripe for revolution.
Bad moon rising indeed.
Don’t forget that the power that be move the fulcrum so that the bust part of the cycle will not as damaging.
Obviously, by using the printing press and by “inflation”.A few days ago, we had this headline:
“Climate Change In The Land Of Santa Claus (Ind.) ”
As usual, it takes time to work out where reality lies. Furthermore, it is easy for someone who has only been in Finland for 18 years to come out with statements such as “In my very first fieldwork, 300km (186 miles) above the Arctic Circle, it was 20°C below zero on 31 October – really the Arctic feeling by the end of October,”
However, 18 years is a very short period of time and her statements lack objective data. Bringing in Saint Nikolas – who was Greek and lived in what is today called Turkey – is just a bit of emotive baggage.
Here is what it was like last January in Lapland:
Extreme weather in Finland: Cold record snaps at -41.7C (-43F)
As for snow in the Northern Hemisphere, it has been increasing for the past 25 years and is back where it was 50 years ago:
Snowcover Increasing Since 1950s, But Newsweek’s Reality Is That Christmas Snow May Soon Be History
(22 December 2017 Newsweek)It goes without saying that the southern hemisphere (90% ocean) has been cooling for quite some while:
Personally, I always prefer data which has not been tampered with (e.g. Australian temperature data)
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