Accelerationism @ ZH

After outlining Deutsche Bank’s recent comprehensive denunciation of ECB monetary policy (aka financial crack-cocaine), Zero Hedge remarks modestly:

Why does all of this sound familiar? Oh yes, because we have been warning about all of this since the day the Fed launched QE, and we warned that there is no way such unorthodox policy ends well. Seven years later the chief economist of Europe’s biggest bank admits we were spot on. We expect many more strategists and economist to make comparable admissions, if they don’t already behind closed doors. […] On the other hand, “groupthink” as DB calls it, surrounding Draghi and the central planners is impenetrable, and sadly all of this will be ignored. Which is why the only real way this final bubble is resolved, is when it bursts. Which is also something we have said long ago: instead of fighting the central banks, just let them achieve their goals as fast as possible. […] Ultimately, it is now too late to change anything anyway, plus the economic, finacnial and social collapse will inevitably come, whether in one month or a decade. The best that those who are paying attention can do is prepare. As for everyone else… they can find comfort in their echo chambers which ignore the reality that their actions create.
(UF emphasis.)

Quotable (#144)

You might not have heard the case for Trump put quite like this before:

His candidacy is a happy accident that is currently ripping the soul of America apart, which is something that I think we desperately need (and deserve) at this time in our history, for better or for worse. I support whatever strange gods happen to be behind his candidacy, for, as Martin Heidegger proclaimed in his famous Der Speigel interview, although for slightly different reasons, “Only a God can save us.”

(Via.)

Twitter cuts (#11)

UF began following Jehu on twitter (blog) without expecting to agree with much. Instead, there has been tweet-storming like this:

Continue reading