Of Two Minds

In a system maintained by ever-greater extremes, confidence erodes very quickly once the next extreme fails to move the needle.

This is how we’ll end up with severe shortages of truly skilled labor and high unemployment of those who lack the necessary skills.

Imagine the immensity of their disappointment in discovering Earth offers few opportunities for trade or investment.
New research has finally solved the mystery of why UFOs/UAPs (Unidentified Aerial Phenomena) have been visiting Earth since the late 1940s.

The market and the government will continue to promote and support a neofeudal status quo until they are forced by society to restore the common good and opportunity. Of the three primary dynamics of human endeavor–the market, government and society–we focus almost exclusively on the first two.

The resulting erosion of collateral will collapse the global credit bubble, a repricing/reset that will bankrupt the global economy and financial system. Scrape away the complexity and every economic crisis and crash boils down to the precarious asymmetry between collateral and the debt secured by that collateral collapsing.

Everyone wants a trend they can trade for effortless gains. That may no longer be realistic.