{"id":37744,"date":"2018-09-13T10:10:09","date_gmt":"2018-09-13T15:10:09","guid":{"rendered":"http:\/\/olduvai.ca\/?p=37744"},"modified":"2018-09-13T10:10:09","modified_gmt":"2018-09-13T15:10:09","slug":"good-times","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=37744","title":{"rendered":"Good Times\u2026"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/capitalistexploits.at\/2018\/09\/good-times\/\">Good Times\u2026<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p>My son wanted to know why it is that Venezuela (a topic that gets discussed around the dinner table at home) chose such painfully, obviously asinine policies.<\/p>\n<p>After much thought I explained it thus.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-21048 aligncenter\" src=\"https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/Good-Times-Bad-Times.jpg\" sizes=\"auto, (max-width: 353px) 100vw, 353px\" srcset=\"https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/Good-Times-Bad-Times.jpg 353w, https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/Good-Times-Bad-Times-64x125.jpg 64w, https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/Good-Times-Bad-Times-154x300.jpg 154w\" alt=\"\" width=\"353\" height=\"688\" \/><\/p>\n<div class=\"sw-tweet-clear\"><\/div>\n<p><a class=\"swp_CTT style6\" href=\"https:\/\/twitter.com\/share?text=Hard+times+create+strong+men.+Strong+men+create+good+times.+Good+times+create+weak+men.+Weak+men+create+bad+times.&amp;via=capitalistexp\" target=\"_blank\" rel=\"nofollow noreferrer noopener\" data-link=\"https:\/\/twitter.com\/share?text=Hard+times+create+strong+men.+Strong+men+create+good+times.+Good+times+create+weak+men.+Weak+men+create+bad+times.&amp;via=capitalistexp\"><span class=\"sw-click-to-tweet\"><span class=\"sw-ctt-text\">Hard times create strong men. Strong men create good times. Good times create weak men. Weak men create hard times.<\/span><span class=\"sw-ctt-btn\">CLICK TO TWEET<i class=\"sw swp_twitter_icon\"><\/i><\/span><\/span><\/a>I\u2019d seen it before somewhere and so I dug it up. Here it is in a different form.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-21047 aligncenter\" src=\"https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/hard-times-create-c-capitalists-create-good-times-good-times-30002505.png\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" srcset=\"https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/hard-times-create-c-capitalists-create-good-times-good-times-30002505.png 500w, https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/hard-times-create-c-capitalists-create-good-times-good-times-30002505-81x125.png 81w, https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/hard-times-create-c-capitalists-create-good-times-good-times-30002505-193x300.png 193w\" alt=\"\" width=\"500\" height=\"776\" \/><\/p>\n<p>We bipeds don\u2019t change. I\u2019ve come to realise not to fight it, just see it for what it is and make sure you\u2019re positioned accordingly\u2026for your friends family and those you care about. Speaking of which you should <a href=\"https:\/\/capitalistexploits.at\/become-an-insider\/\">consider joining our family<\/a>.<\/p>\n<p>No special offers, no steak knives, no wild ridiculous promises \u2013 simply rational analysis and positioning for a macro world we\u2019ve never encountered before. EVER! That\u2019s both exciting and terrifying at the same time.<\/p>\n<p><strong>We\u2019re Bad<\/strong><\/p>\n<p>At literally everything. We buy high, sell low, look to what Johnny next door is wearing, what car he drives. We get taken in and scammed by shysters, we believe in the unbelievable.<\/p>\n<p>Which brings me swiftly to EM where fund managers desperate for yield dived into the fire over the last few years. Now the inevitable pain is hitting as default fears mount for \u201cBATS\u201d as the emerging-market rout deepens.<\/p>\n<p>Turkey\u2019s implied default odds climbed to highest since 2008 and over in the land of great steaks default risk in Argentina is \u2026ahem\u2026substantial.<\/p>\n<p>As Bloomberg points out:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-21050\" src=\"https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/DmV_wWGX0AA5jr8.jpg\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" srcset=\"https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/DmV_wWGX0AA5jr8.jpg 1140w, https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/DmV_wWGX0AA5jr8-125x70.jpg 125w, https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/DmV_wWGX0AA5jr8-300x169.jpg 300w, https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/DmV_wWGX0AA5jr8-768x432.jpg 768w, https:\/\/3lrofj3556kl9zu0p27yma51-wpengine.netdna-ssl.com\/wp-content\/uploads\/2018\/09\/DmV_wWGX0AA5jr8-1024x576.jpg 1024w\" alt=\"\" width=\"700\" height=\"394\" \/><\/p>\n<ul>\n<li>Argentina\u2019s implied default probability over the next five years climbed this month to 41 percent, the highest since Mauricio Macri\u2019s government ended the nation\u2019s decade-long legal battle with most holdout creditors.<\/li>\n<li>Turkey\u2019s implied default odds during that span rose to 31 percent, the highest since the 2008 global financial crisis.<\/li>\n<li>Brazil\u2019s implied default odds increased to 18 percent, the highest since the country\u2019s worst-ever recession deepened in late 2016.<\/li>\n<li>South Africa\u2019s implied default odds soared to 15 percent, the highest since Donald Trump\u2019s election in November 2016.<\/li>\n<\/ul>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Good Times\u2026 My son wanted to know why it is that Venezuela (a topic that gets discussed around the dinner table at home) chose such painfully, obviously asinine policies. After much thought I explained it thus. Hard times create strong men. Strong men create good times. Good times create weak men. Weak men create hard [&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":[2251,90,111,8785,200,1732,2799,3701,851],"class_list":["post-37744","post","type-post","status-publish","format-standard","hentry","category-economics","tag-argentina","tag-brazil","tag-capitalism","tag-capitalist-exploits","tag-default","tag-emerging-markets","tag-socialism","tag-south-africa","tag-venezuela"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37744","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=37744"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37744\/revisions"}],"predecessor-version":[{"id":37745,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37744\/revisions\/37745"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}