The Broken Clocks' Minute, by Robert Gore at Straight Line Logic

Posted by $ straightlinelogic 1 year, 7 months ago to Business
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Anyone who has consistently sounded cautionary or outright bearish notes during the last nine years of relentlessly rising equity markets has been cast aside. Wall Street is bipolar. You’re either right or wrong, and wrong doesn’t buy mansions and Maseratis. Like that stopped clock, the so-called permabears have had a couple of minutes when they were right, far outweighed by those 1438 minutes when they were wrong.

Or maybe it’s all a matter of perspective, and it’s the last nine years that amounts to two seconds. In geologic time nine years isn’t even a nanosecond. Perhaps even on time periods scaled to human lifetimes and history, the last nine years will come to be seen as an evanescent flash that came and ignominiously went.

This is an excerpt. For the complete article please click the above link.
SOURCE URL: https://straightlinelogic.com/2018/11/18/the-broken-clocks-minute-by-robert-gore/

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  • Posted by Dobrien 1 year, 7 months ago
    Great essay, as always well thought out and presented.
    An excerpt From your comment “: a world on the cusp of its worst financial crisis and quite possibly wars”
    We are currently in a war. I call it the “Uncivil War”
    A similar war that John Galt in Ayn Rand’s fiction Atlas Shrugged fought by eliminating the producers. Many of The top producers today are aligned with the statists. Trump is rallying the masses and is exposing the enemy in a great awakening. He is using a type of 4D chess strategy against them. He creates an emotional response using twitter and Qanon in his targets and the opponents move themselves. Most do not know President Trump is a Grand Master Chess champion. Bobby Fischer was his friend and tutor.
    Another arrow in Trumps Mental Quiver is is long term mentor ship with Roy Marcus Cohn. Look him up.
    He fought a losing battle against the deep state infiltration. The reason for his failure won’t be repeated by Trump.
    Honestly as you say this moment in time is but a nanosecond on the history line so true. But the Fed Reserve engineered system will have to collapse
    To be replaced by a system that responds to and acts based on sound economic principals. If that positive change occurs this nanosecond will be a significant marker in our History.
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  • Posted by Owlsrayne 1 year, 7 months ago
    Robert, you forgot to mention that computer-driven algorithms have a huge effect on the market swings. I just wonder how often the IT personnel in the Wall Street financial institutions make any corrections to that software?
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  • Posted by $ Olduglycarl 1 year, 7 months ago
    They didn't fail during 1438 mins, they just totally wasted 1438 mins finding ways to bet wrong...

    The market, like the central banks have, up till now, always found ways to cheat and prosper...what ever they do next will likely make one go Hah???

    This is what all town, city, state and federal governments should do...ASAP: http://cafr1.com/
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  • Posted by chad 1 year, 7 months ago
    Every time I thought the fiat currency would collapse the central bankers found another method for keeping it afloat which at the same time expanded the problem and increased the likelihood that it would fail and be a larger disaster; i.e. selling treasury bonds to other countries. If the holders of these bonds ever try to collect on the principle and interest of the bond the economy will collapse.
    The ACA (Obamacare) is merely a method for removing more currency from the market by increasing the cost of perceived medical care without providing payment for the empty promise. This is another method to stave off the collapse.
    The member banks and inside corporations have been buying their own stocks with their free loans (TARP) in an attempt to increase their stock value and persuade small investors to spend in their money to increase their value. I have heard some long time investors say that perhaps the best thing to buy now would be food storage, something you can survive on and perhaps trade if you have enough.
    Like the patient who keeps getting reminded to quit smoking and drinking and then increases the dose to prove the doctor wrong who then seems to outlive all prognostications suddenly dies a terrible death, the economy will collapse. Without inside information on the accounting and manipulations of the Federal Reserve it is difficult to predict when that minute will come, but the more reckless they become the worse will be the disaster, partly because so few people or economists understand that it could be quickly overcome by using a monetary unit that has value and cannot be corrupted by inflation (devaluation) of the currency.
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