Of Two Minds

The rollercoaster ride is about to get “fun,” as in unpredictable, volatile and unnerving for those normalized to extreme distortions “fixing” all things financial.

Confidence / complacency doesn’t map the real world, in which liquidity dries up and markets go bidless.

And that’s how totalitarian movements come to power: the citizens give up on the Establishment factions, as they’ve failed to solve the problems being exploited by extremist groups.

“Generosity” funded by debt or currency devaluation is the opposite of generosity: it is the ultimate taking.

If we’re in a re-make of ‘That 70s Show’, the plot twists–and twisters heading our way–may be far wilder than we can currently imagine.

Let us hope that whomever ascends to the leadership is a populist in the full sense of the word, channeling Emerson and his fellow critics of what we now call neoliberalism.