Of Two Minds

Now that the overlapping crises are upon us and the banquet of consequences is being served, we’ll see just who our elites and leadership really are. The erosion of trust doesn’t require intent, it only requires the blind pursuit of self-interest above all else.

The Fed has trained the trading-rats all too well, and there is no way to avoid the unintended consequences of the Fed’s large-scale human behavioral experiment.

When this bubble bursts, there will be no fourth or fifth bubble, there will only be rubble.
The US economy and its financial system operate under the implicit belief that the Federal Reserve controls the direction of the economy and finance.

As long as we mint millions from a Never-Ending Bull Market, we’ll always stay one step ahead of the Debt Monster.

When we lose small businesses, we lose More than tax revenues.
Small businesses receive plenty of lip service but very little appreciation–until they’re gone. By then it’s too late to do anything but mutter, “you don’t know what you’ve got until it’s gone.”

Nobody seems to be wondering what happens should the real world no longer respond to the Perpetual Motion Finance Machine.
Scrape away the hand-wringing about interest rates and we find a bedrock of complacency.