{"id":47268,"date":"2019-07-17T12:14:09","date_gmt":"2019-07-17T17:14:09","guid":{"rendered":"https:\/\/olduvai.ca\/?p=47268"},"modified":"2019-07-17T12:14:16","modified_gmt":"2019-07-17T17:14:16","slug":"the-rise-of-insanity","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=47268","title":{"rendered":"The Rise of Insanity"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/northmantrader.com\/2019\/07\/16\/the-rise-of-insanity\/\">The Rise of Insanity<\/a><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><a href=\"https:\/\/i1.wp.com\/northmantrader.com\/wp-content\/uploads\/2019\/07\/insanity.png?ssl=1\"><img decoding=\"async\" src=\"https:\/\/i1.wp.com\/northmantrader.com\/wp-content\/uploads\/2019\/07\/insanity.png?resize=226%2C114&amp;ssl=1\" alt=\"\" class=\"wp-image-64756\"\/><\/a><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Everybody is trampling all over themselves to raise bullish targets. $SPX 3,300, $SPX 3,350, $SPX 3500, do I hear Dow 31,500?&nbsp;<a href=\"https:\/\/edition.cnn.com\/2019\/07\/16\/investing\/dow-jones-stock-market-record-fed\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Yes I am<\/strong><\/a>. The big driver of course the Fed and central banks cutting rates again to save the global economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And amid all the hype and excitement you see headlines<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-07-16\/bullish-u-s-stock-buyers-are-positioning-for-a-giant-windfall?srnd=markets-vp&amp;utm_campaign=socialflow-organic&amp;cmpid%3D=socialflow-twitter-markets&amp;utm_source=twitter&amp;utm_content=markets&amp;utm_medium=social\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>&nbsp;like this:<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bullish U.S. Stock Buyers Are Positioning for a Giant Windfall<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Equity options strategy could deliver a 13-fold return\u2026<\/li><li>\u2026If the S&amp;P 500 gains another 11% by the end of this year<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The free money excitement is great.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But I have a question:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I also have an answer and it\u2019s an unpleasant one. Because by bailing out markets and economies at every sign of trouble over the past 10 years central banks have given politicians license to do nothing. And nothing is what you get as political discourse fragments and majority solutions are impossible to come by.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But not only are majority solution impossible to get nobody even wants to even talk about them. Why? Because they involve pain. Voters don\u2019t want to hear pain. Hence all you hear is free money. Tax cuts in 2016. Now we hear free college, health care and debt forgiveness for 2020 and who knows maybe more tax cuts.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nobody wants to campaign on pain. I get it. But does anyone really think solving the structural problems that are behind slowing growth after 10 years of monetary stimulus are easily solvable?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Heck, they may not be solvable at all, hence it\u2019s easier to create a political climate of hate, division, distraction and outrage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Everybody talks about the outrage of the day, it\u2019s a hyped up atmosphere by design. Because the architects of the conversation know the truth, and that is: As long as people are distracted by outrage, fear, anger and emotion they will not think about how the system is actually utterly screwed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Rise of Insanity Everybody is trampling all over themselves to raise bullish targets. $SPX 3,300, $SPX 3,350, $SPX 3500, do I hear Dow 31,500?&nbsp;Yes I am. The big driver of course the Fed and central banks cutting rates again to save the global economy. And amid all the hype and excitement you see headlines&nbsp;like [&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":[1849,534,536,7542,23808],"class_list":["post-47268","post","type-post","status-publish","format-standard","hentry","category-economics","tag-financial-markets","tag-monetary-policy","tag-money","tag-northman-trader","tag-sven-henrich"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47268","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=47268"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47268\/revisions"}],"predecessor-version":[{"id":47269,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/47268\/revisions\/47269"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}