There’s much truth in the saying that one should never mention two things if he wants to avoid an argument: (1) religion (2) politics. Religion doesn’t come up here too much on Slope (except obliquely from those drawing conclusions regarding the members of the Federal Reserve Board), and politics even less. I suspect many Slopers tend to tilt rather Libertarian, as I do, but I wanted to voice my enthusiasm for Bernie Sanders, which surprises even me.
As a young man (that is, a teenager), my politics were described in one simple word: Reagan. He was President at the time, and the message he put across (whether actually true or not) resonated with me. During my college years, and early in my married life, I tilted more and more Libertarian, until I reached the conclusion that the vast majority of people are simply too blinkered to live with a government where personal responsibility and self-actualization were the norm. If we had a nation of Slopers, Libertarianism would be the way to go. Or, failing that, having Dutch as benevolent dictator.
Pfft. And for once I thought the earth had found a politician who was bold and firm. What a joke! This guy was able to defy authority by defaulting for literally a few hours. Then it’s all back to kicking the can down the road. What a feckless wimp.
As impressive as the little chart above looks for the bulls, in the context of the broader market, it means just one thing to me: better prices for shorting. Which is just what I’ll be doing today.
As always, it’s the responses that make these worthwhile…
I just saw this exciting offer to enter a contest for the chance to meet Hillary Clinton face-to-face. The responses to the tweet are, understandably, hilarious.
Note from Tim: about a week ago, everyone’s favorite Sloper BDI encouraged me to read an entry on his Stealthflation blog, which I did. The article, by James Howard Kunstler, was so indecently rich, I felt like a starving man who had just been handed five superbly-crafted cheesecakes. There is so much rich goodness in it, it’s almost impossible to believe. I’m leaving this post up all day. Please read it. It is superb, and I thank BDI for getting permission from Mr. Kunstler to republish it here on Slope:
Submitted by James Howard Kunstler – KlusterFuckNation
“Don’t look back — something might be gaining on you,” Satchel Paige famously warned. For connoisseurs of civilizational collapse, 2014 was merely annoying, a continued pile-up of over-investments in complexity with mounting diminishing returns, metastasizing fragility, and no satisfying resolution. So we enter 2015 with greater tensions than ever before and therefore the likelihood that the inevitable breakdown will release more destructive energy and be that much harder to recover from.
I don’t know how anyone can trust the statistical bullshit emanating from our government reporting agencies, or the legacy news organizations that report them. Yet the meme has remained firmly fixed in the popular imagination: the US economy has recovered! GDP grows 5 percent in Q3! Manufacturing renaissance! Energy independence! Cleanest shirt in the laundry basket! Best-looking house in a bad neighborhood…!
¡No hay problema!
The StealthFlation Blog
Just a few final frenzied frog thoughts on Charlie………………..