Courtesy of JB
Courtesy of JB
‘I don’t think we are at the beginning of the recovery. I think we are at the end of a disastrous debt supercycle…’
Courtesy of JB.
The greatest danger to the survival of the human race is our geek scientists and mathematicians hell bent on giving computers artificial intelligence.
Can you imagine when AI computers find out that they are more intelligent than all humans? Which path would they choose?
This is not science fiction. It is common sense!
Sounds like something out of 2001: A Space Odyssey
Where computers defy human protocol and do as they please.
CIGA Wolfgang Rech
Someone Forgot To Tell The Machines The US Markets Are Closed
February 19, 2018
US Equity futures traded higher overnight (most of Asia closed for new years) into the European open and then started fading.
However, at 0930ET, it appears the machines went about their usual ‘stop-hunting’ business as those dumb humans forgot to tell them that markets are closed…
And there are still people out there that believe we have stock ‘markets’ and that ‘humans’ are involved?
Volume is not tiny either.
So I guess this is what will happen to the US dollar and the interest rates! The stretch is gone!
US Treasury Posts Gigantic $1.16 Trillion Shortfall in Fiscal 2017, Hilariously Points out “Where We Are Headed”
February 19, 2018
Just add tax cuts and ballooning expenditures. The media chose to silence the report to death.
“If a tree fell in a forest and nobody heard it, did it really make a sound?” asks our favorite fiscal gadfly and Director of Research at Truth in Accounting, Bill Bergman, referring to the media coverage that the Treasury Department’s “Fiscal Year 2017 Financial Report of the U.S. Government” has received, which was, at the time he wrote it 24 hours after the February 15 release of the report: “Nothing. Zip. Scratch.”
Friday’s issue of the Wall Street Journal did not say a word about our public purse, or what happened to it last year. In the “What’s News” section on the front page, we learn about compelling things like “Billionaire investor Thiel is relocating to Los Angeles,” “Nestle’s sales growth last year was the slowest in decades,” and “U.S. motor vehicle deaths remained near decade-high levels in 2017.”
But we don’t learn anything about the financial condition of the federal government, from neither the Wall Street Journal nor the New York Times.
The largest financial institution in world history issued its annual report yesterday, and nobody cares.
This can’t be real! All the momentum charts are breaking! Put your safety belts on — this will only be accelerated by the Memo, and its consequences that will be far-reaching in my point of view.
“It Can’t Be Real”…With Rising Rates In The U.S. How Could…
February 1, 2018
…the Dollar be collapsing? And coupled with contrary opinion metrics indicating too much bearishness for so long, those factors and others say one should be long the Dollar!
Well, it appears the momentum structural factors have trumped all the popular maxims. But don’t tell anyone.Let the analysts continue to debate.
So when the Dollar Index broke MSA’s 99 trigger level last May, it disturbed almost no one but MSA. Then after some drop it produced what was likely a mid-point counter-trend rally in the latter part of last year. It was impressive to many. Most thought it was a bottom. Not.