Thursday The markets are manifesting an exuberant and giddy blend of hope and fear. The primary cause is the seemingly bottomless credit being pumped into the system. Crypto Mania (CryMan) will end up more famous than Tulip Bulb Mania as an example of group nuttiness. The problem is that either the credit will stop, or that the credit will become greatly … [Read more...]
Coup D’etat?
Wednesday The French insurrection, for that is what it is, is heading toward an interesting denouement. The immigrant problem has now been added to the original issue of the fuel tax. Without a major change of direction, there will be an outbreak of violence between the French people and immigrant enclaves. The odd part is that if all parties stay true to form, the French … [Read more...]