With the 2013 Santa stock market rally in full euphoric swing, any discussion of a crash in 2014 strikes a note of cognitive dissonance. With the Fed promising to keep interest rates at zero until 2099 (or whatever date signifies “forever”), the prospects of ever-higher prices in every asset class never seemed brighter.
An automated banking utility has no need for parasitic bankers or politicos or indeed, a central bank.
Neofeudal financialization and unproductive State/corporate vested interests have bled the middle class dry, yet we accept the officially sanctioned narratives. Why?
Is the unemployment rate real or fake? It is obviously fake, but we want to believe the fake is real for a variety of reasons.
Before you buy the dip “because this Bull market will run until 2016,” please ponder this chart from our Chartist Friend From Pittsburgh of total credit and the Dow Jones Industrial Average (DJIA). Unsurprisingly, the stock market advances when credit is expanding and declines when credit growth slows.
I suspect that a significant percentage of the nation’s many bureaucracies could be replaced with a very simple script that yielded one answer to most queries: no.
As I understand it (from a non-programmer POV), Python enables rapid development of scripts that may not be optimized by some metrics but which work perfectly well in terms of solving a problem in a cost-effective manner.
If you understand the difference between the first pair of shoes and the 25th, you understand why America’s debt-dependent consumer economy is doomed.
Inflating serial asset bubbles is no substitute for rising real incomes.
Obamacare is a catastrophe that cannot be fixed, because it doesn’t fix what’s broken in American healthcare.