{"id":21969,"date":"2016-10-08T16:43:36","date_gmt":"2016-10-08T21:43:36","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21969"},"modified":"2016-10-08T16:43:36","modified_gmt":"2016-10-08T21:43:36","slug":"the-noose-is-tightening-quickly-on-the-global-economy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21969","title":{"rendered":"The Noose Is Tightening Quickly On The Global Economy"},"content":{"rendered":"

The Noose Is Tightening Quickly On The Global Economy<\/a><\/h3>\n
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The investment world has an embarrassingly short attention span.\u00a0 But frankly, it is a necessity.\u00a0 If daytraders, hedge funds and other horses in the carousel actually had to look beyond the next week of market activity or study back on market history in comparison to today, then they would not be able to retain their blind optimism, which is exactly what is necessary for them to continue functioning.\u00a0 If they were all to examine the global financial situation with any honesty, the entire facade would collapse tomorrow.<\/p>\n

At bottom, it is not central bank stimulus and intervention alone that drives equities and bond markets; it is the naive faith and willful ignorance of average market participants.\u00a0 There is a problem with this kind of economic model, however.\u00a0 Reality is never kept in check indefinitely.\u00a0 Fiscal truths will be exposed, one way or another.<\/p>\n

How does one know when this full spectrum shift in awareness will occur?\u00a0 Well, there\u2019s no science that can help us with that.\u00a0 While basic economics is subject to the forces of supply, demand and mathematical inevitability, it is also subject to human psychology, which is another matter entirely.<\/p>\n

In the past I have made a point to outline similarities in responses to various economic crises.\u00a0 For example, the media response and public perception at the onset of the Great Depression was a highly unfortunate exercise in false optimism.\u00a0 The response just before the credit crash of 2008 by the media and the masses was much the same.\u00a0 It is interesting to note in particular that the mainstream media tends to become more over-the-top in its certainty of economic stability the closer the system comes to collapse.\u00a0 That is to say, the nearer we edge towards financial calamity, the more violently the mainstream media attacks people who suggest that danger is on the horizon.<\/p>\n

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

The Noose Is Tightening Quickly On The Global Economy The investment world has an embarrassingly short attention span.\u00a0 But frankly, it is a necessity.\u00a0 If daytraders, hedge funds and other horses in the carousel actually had to look beyond the next week of market activity or study back on market history in comparison to today, […]<\/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":[5994,5993,124,14451,14450,366,383,14448,14449,963],"class_list":["post-21969","post","type-post","status-publish","format-standard","hentry","category-economics","tag-altmarket","tag-brandon-smith","tag-central-banks","tag-credit-crash","tag-fiscal-truth","tag-global-economy","tag-great-depression","tag-market-history","tag-monetary-intervention","tag-peter-schiff"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21969","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=21969"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21969\/revisions"}],"predecessor-version":[{"id":21970,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21969\/revisions\/21970"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}