{"id":1847,"date":"2014-11-20T07:16:27","date_gmt":"2014-11-20T12:16:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1847"},"modified":"2014-11-20T07:16:27","modified_gmt":"2014-11-20T12:16:27","slug":"charles-hugh-smith-why-living-in-a-post-bubble-world-is-no-fun","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1847","title":{"rendered":"charles hugh smith-Why Living in a Post-Bubble World Is No Fun"},"content":{"rendered":"<p><a href=\"http:\/\/www.oftwominds.com\/blognov14\/post-bubble11-14.html\">charles hugh smith-Why Living in a Post-Bubble World Is No Fun<\/a>.<\/p>\n<p><span class=\"Apple-style-span\" style=\"color: #404040; font-family: Verdana; font-size: small; line-height: normal;\"><i>What do we do when the bubble economy cannot be reflated?<\/i><\/span><\/p>\n<p><b>It is generally conceded that we are living in an era of Peak Everything:<\/b>\u00a0peak central bank omnipotence, peak powerless of the non-elites, peak wealth inequality, peak media-induced delusion, peak market-rigging, peak bogus official statistics, peak propaganda, peak bread and circuses, peak deception, peak distraction, peak sociopathology, peak central statism, peak debt, peak leverage, peak derealization&#8211;need I go on?<\/p>\n<p><b>Peaks generate\u00a0<i>bubbles<\/i>.<\/b>\u00a0Bubbles reach extremes and then they pop. There is nothing mysterious about this causal chain: peaks generate extremes that manifest as bubbles, which eventually implode as extremes revert to the mean and mass delusions are shattered by the unwelcome reality that extremes are not sustainable.<\/p>\n<p><b>The status quo solution to the devastation of a popped bubble is to inflate another even bigger bubble.<\/b>\u00a0If debt reached extremes that imploded, the solution is to expand debt far beyond the levels that caused the implosion.<\/p>\n<p>If fudging the numbers triggered a loss of confidence, the solution is to fudge the numbers even more, so they no longer reflect reality at all.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>charles hugh smith-Why Living in a Post-Bubble World Is No Fun. What do we do when the bubble economy cannot be reflated? It is generally conceded that we are living in an era of Peak Everything:\u00a0peak central bank omnipotence, peak powerless of the non-elites, peak wealth inequality, peak media-induced delusion, peak market-rigging, peak bogus official [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[235,1303,1300,1301,1302],"class_list":["post-1847","post","type-post","status-publish","format-standard","hentry","category-economics","tag-economic-bubbles","tag-loss-of-faith","tag-peak-everything","tag-post-bubble-world","tag-status-quo"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1847"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1847\/revisions"}],"predecessor-version":[{"id":1848,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1847\/revisions\/1848"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}