Nature...ain't It A Bitch

And once again Nature (or at least that’s what we’re supposed to believe) comes calling. Its on the horizon coming at the West like a Cat 5 hurricane, and no one cares. The markets try to rollover and the Central banks press the buy key. Gold tries to rally and the banks press the sell key, and everyone just watches football. 

Is this really the way it all ends? Is it really that simple? We managed to muddle through the collapse of the World as we knew it in 2008 with a series of Centrally planned schemes (as they called it…not me) and put lipstick on the Pig of pigs economy. We pumped money and debt into companies like Amazon (while killing off retail stores and malls) and creating 200,000 jobs at Amazon and destroying a million and a half in retail. We pumped debt after debt into Uber and wiped out tens of thousands of small business cab companies. 

We were so desperate to create jobs with debt that we destroyed the surviving underlying economy. Now we have millions of jobs that cannot sustain themselves without additional printed money. Instead of allowing the strong hands to take over a damaged economy in 2008, we just bailed out the weak hands that got us in trouble. 

Now we have a storm coming. We’re told its nothing to worry about. Maybe it will pass over. What if it doesn’t? No one cares. They all know the current money printing will keep us chugging along. They know they don’t need any savings. They know they will have the Fed ready to print. They know their pensions are guaranteed, so why save? They know that food is plentiful and relatively cheap. They know they can borrow to buy a car and the fuel to drive it is cheap and plentiful. They know we can have open borders with all of our plenty and allow millions to come with free healthcare and guaranteed welfare. They know we have a system that will permit anyone to vote because we’re “free”.

How can anyone even remotely expect such a fantastic place to have any problem from a “virus”. After all China has told you its being “centrally” CONtrolled and after temporarily closing down all manufacturing in the country, and locking up the population, it will return to vigor with hardly a scratch. Maybe it will. After all. why would they lie? 

Larry Kudlow mentioned the virus the other day and laughed about its minimal impact to the economy. Maybe he’s right. Why would he lie?

I guess you just need to trust these people, after all look at where the stock market is. Look at where the middle class is. Look at where the wages for most of the country is over the past 25 years. Look at our debt. Look at our interest rates. Look at the repo market (not QE) latest money printing scheme. Buttfox/CS trusts them and I guess I do too. Trust….just keep your brain turned off and your eyes and ears closed and keep walking. Definitely don’t prepare. That would require effort.