{"id":20599,"date":"2016-05-14T10:23:08","date_gmt":"2016-05-14T15:23:08","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20599"},"modified":"2016-05-14T10:23:08","modified_gmt":"2016-05-14T15:23:08","slug":"heretical-thoughts-and-doing-the-unthinkable","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20599","title":{"rendered":"Heretical Thoughts And Doing The Unthinkable"},"content":{"rendered":"

Heretical Thoughts And Doing The Unthinkable<\/a><\/h3>\n
Submitted by Bill Bonner of Bonner & Partners<\/a>\u00a0(annotated by Acting-Man’s Pater Tenebrarum<\/a>),<\/em><\/div>\n
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Heresy!<\/strong><\/u><\/p>\n

The Dow rose 222 points on Tuesday \u2013 or just over 1% – and everyone was exuberant…but things have not turned out well since. We agree with hedge-fund manager Stanley Druckenmiller:\u00a0This is not a good time to be a U.S. stock market bull.<\/strong><\/em><\/p>\n

\"Druckenmiller\"<\/p>\n

Legendary former hedge fund manager Stanley Druckenmiller at the Ira Sohn conference \u2013 not an optimist at present, to put it mildly.<\/p>\n

<\/span>Speaking at an investment conference in New York last week, George Soros\u2019 former partner warned that\u2026<\/p>\n

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\u201c\u2026higher valuations, three more years of unproductive corporate behavior, limits to further easing, and excessive borrowing from the future suggest that the bull market is exhausting itself.\u201d\u00a0<\/em><\/div>\n<\/blockquote>\n

But we promised to return to the scene of our crime today. In these pages, we recently committed heterodoxy… even heresy! We don\u2019t know what got into us and we are deeply sorry for our misdoings, the remembrance of which is grievous unto us\u2026<\/p>\n

\u2026 but\u00a0in a moment of weakness (oh, ye gods of democracy, why have you forsaken us?)\u00a0we dared to question whether voting makes any damned sense<\/a>. We concluded that it didn\u2019t.<\/strong><\/em><\/p>\n

We don\u2019t know the candidates well enough to know who is really better. We don\u2019t have any idea what challenges the next president will face, nor which candidate would be better equipped to deal with them. We don\u2019t know if the candidates believe what they say they believe or whether they will do what they promise to do.<\/p>\n

We only know our vote, statistically, won\u2019t make a bit of difference. And that we don\u2019t want the \u201clesser of two evils.\u201d And that we don\u2019t feel any obligation to play this game! Dear readers canceled their subscriptions\u2026 and heated up their irons.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Heretical Thoughts And Doing The Unthinkable Submitted by Bill Bonner of Bonner & Partners\u00a0(annotated by Acting-Man’s Pater Tenebrarum), Heresy! The Dow rose 222 points on Tuesday \u2013 or just over 1% – and everyone was exuberant…but things have not turned out well since. We agree with hedge-fund manager Stanley Druckenmiller:\u00a0This is not a good time […]<\/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":[3325,200,7844,357,376,13810,1921,679,13811,4318],"class_list":["post-20599","post","type-post","status-publish","format-standard","hentry","category-economics","tag-creditors","tag-default","tag-donald-trump","tag-george-soros","tag-goldman-sachs","tag-ira-sohn","tag-new-york-times","tag-reserve-currency","tag-stanley-druckenmiller","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20599","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=20599"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20599\/revisions"}],"predecessor-version":[{"id":20600,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20599\/revisions\/20600"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}