We got everything we wanted. The end to the reign of desecration AND a paradigm shift away from the de facto slave state, albeit in its metamorphic stages. A deflation trap with no way out for denialistic morons. And of course carbon collapse on a biblical scale beyond all imagination.
The reign of sludge is ending, the hardest way possible. Thank God Almighty.
I know, denialists are still in denial. They will live out their remaining corporate half lives in a deep state of denial. Nature is merciful in this way. The presumed "winners" in this rat race to nowhere are still of the belief that printed money will save them from the fate that was bestowed upon everyone else.
After all, it did in 2008, right?
The difference between now and back then is that back then the nation state of China was seen as the mighty economic engine of global growth. Remember free trade, cornerstone of the Republican economic agenda? Now, China is viewed as a pariah state stealing jobs and forcing multinationals to maximize profit. A real conspiracy if there ever was one.
Which is why now, all efforts to implode China are applauded. China pulled the WORLD out of recession in 2008. Now they're about to get final imploded.
Here we see that the sheeple at large are about to learn a hard lesson in trusting proven liars. They took the initial Coronavirus crash as an opportunity to increase risk exposure. The rally off the lows was driven by new investors on a RECORD scale. People who have never seen a selloff before.
Apparently the shutdown was viewed as an opportunity to take up gambling in Trump Casino:
“When the casinos/sport betting closed down, some of that action went to stock markets”
“What’s happening right now is that fear has turned to greed for the retail investor. Nobody wants to be left behind”
I realize there is extreme suffering right now. Because there is extreme suffering every day on this planet. The only thing that's different now is WHO is suffering. When African children go under the bus by the thousands per day, it's not breaking news.
Despite this victory and attendant carbon collapse, I will continue blogging. I thought that this moment would bring respite to my level of rage, but I was wrong. Rampant lying has done nothing to assuage my anger.
Hence, I will continue to rage against the machine. Pointing out that the lamestream media exists SOLELY to serve ad-sponsored pablum to an old age home. Confirm that Monetary Policy is financial euthanasia administered to an addicted geriatric populace. Remind everyone that Faux News is the existential crap one finds in every last stage empire. Point out that Zerohedge is 90% sludge and 10% useful information to be fished out of a toxic waste dump of humanity. Confirm that the "Deep State" is the obligatory fictional entity that today's Republicans invented to deflect blame for all of the problems arising from the fact that they elected a fucking moron to president.
So forth and so on. Suffice to say, history will not be kind. We live in a garbage dump of humanity eager to burn itself to the ground. Those of us pointing out the truth are only slowing things down.
Nevertheless, if we can navigate this perilous journey from extreme deflation back to reflation AND make some money, then so be it. Because I didn't sign a contract saying I would be a useful idiot along with everyone else.
Let's get to some facts and data and leave the opinionated bullshit to those who traffic in impending collapse.
Picture a scenario in which the "Powell put" delivers the exact opposite result of the "Powell pivot".
That is my base case scenario. Stained underwear:
On a closer timeframe, here we see that Amazon had a massive reversal of fortune today. Closing at an all time high yesterday and then gapping down to a two week low today. It turns out that everyone stuck at home sans job, isn't shopping on Amazon all day.
Bueller?
Let's say for the sake of argument my wave count is correct. That would mean that semis wave ii and 2 stalled at the same level:
Zoom out again for a look at Financials.
Here we see the re-test hypothesis at work:
The rest of the world ex-U.S. is third wave down at all degrees of trend:
Which gets us to my presumptive wave count.
My base case expects political regime change in November, however, more importantly from an economic standpoint, monetary regime change is only a function of time and pain to the downside.
My advice to the Democrats is to get a cardboard version of Biden ASAP. This can be like Weekend At Bernie's.
