{"id":39059,"date":"2018-10-12T09:54:55","date_gmt":"2018-10-12T14:54:55","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39059"},"modified":"2018-10-12T09:54:55","modified_gmt":"2018-10-12T14:54:55","slug":"hammer-time","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39059","title":{"rendered":"Hammer Time"},"content":{"rendered":"
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Hammer Time<\/a><\/h3>\n<\/div>\n<\/div>\n
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Looks like somebody threw a dead cat onto Wall Street\u2019s luge run overnight to temporarily halt the rather ugly 2000 point slide in the Dow Jones Industrial Average \u2014 and plenty of freefall in other indices, including markets in other countries. A Friday pause in the financial carnage will give the hedge funders a chance to plant \u201cfor sale\u201d signs along their Hamptons driveways, but who might the buyers be? Hedge funders from another planet, perhaps? You can hope. And while you\u2019re at it, how do you spell liquidity problem?<\/p>\n

Welcome to the convergence zone of the long emergency, where Murphy\u2019s law meets the law of unintended consequences and the law of diminishing returns, the Three Amigos of collapse. Here\u2019s where being \u201cwoke\u201d finally starts to mean something. Namely, that there are more important things in the world than sexual hysteria. Like, for instance, your falling standard of living (and that of everyone else around you).<\/p>\n

The meet-up between Kanye West and President D.J. Trump was an even richer metaphor for the situation: two self-styled \u201cgeniuses\u201d preening for the cameras in the Oval Office, like kids in a sandbox, without a single intelligible idea emerging from the play-date, and embarrassed grownups all standing \u2018round pretending it was a Great Moment in History. You had to wonder how much of Kanye\u2019s bazillion dollar fortune was stashed in the burning house of FAANG stocks. Maybe that flipped his bipolar toggle. Or was he even paying attention to the market action through all the mugging and hugging? (He did have his phone in hand.) Meanwhile, Mr. Trump seemed to be squirming through the episode behind his mighty Resolute<\/em> desk as if he had \u201cwoke\u201d to the realization that ownership of a bursting epic global financial bubble was not exactly \u201cwinning.\u201d<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hammer Time Looks like somebody threw a dead cat onto Wall Street\u2019s luge run overnight to temporarily halt the rather ugly 2000 point slide in the Dow Jones Industrial Average \u2014 and plenty of freefall in other indices, including markets in other countries. A Friday pause in the financial carnage will give the hedge funders […]<\/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":[14964,9257,449,4148,1138,860],"class_list":["post-39059","post","type-post","status-publish","format-standard","hentry","category-economics","tag-clusterfuck-nation","tag-djia","tag-james-howard-kunstler","tag-market-correction","tag-stock-market","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39059","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=39059"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39059\/revisions"}],"predecessor-version":[{"id":39060,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39059\/revisions\/39060"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}