‘The 2008/09 financial crisis should have concluded an incredible era of dangerous risk misperceptions and flawed calculations. But the Federal Reserve and global central bankers Doubled-Down. Instead of the markets reverting back to more traditional (stable) views of risk, massive QE liquidity injections, zero rates and aggressive market liquidity backstops pushed risk analysis and perceptions only deeper into New Age Fallacy.’
– Doug Noland, August 12, 2017 (‘..prepare for global deflation.’)
‘..central elements of those collapses was the gradual recognition by investors that the overvalued pieces of paper they were holding were actually little Potemkin Villages..’
‘When one examines the collapses of the tech bubble and the housing bubble, it’s evident that one of the central elements of those collapses was the gradual recognition by investors that the overvalued pieces of paper they were holding were actually little Potemkin Villages; temporarily glorious and impressive on the surface, but backed by much less than investors had imagined was there. What sort of “catalyst” is needed for a Potemkin Village or a Ponzi scheme to disappoint? Only the gradual or sudden discovery of the reality behind it: the recognition that there is no “there” there.
– John P. Hussman, Ph.D. (Context: ‘The Fed is wed to the Phillips Curve.’)
We were still dancing. We had simplified our whole operation to a pure true deposit bank. No lending at all. Nada.
Lets dance.
I lose my cool when she steps in the room
Billy Ocean – Caribbean Queen (No More Love on the Run)
Teasing me with your fire
Billy Ocean – Loverboy
People talking ’bout the girl who’s come to town
Kool & The Gang – Fresh
And now we’re flyin’ through the stars
I hope this night will last foreverRufus And Chaka Khan – Ain’t Nobody
There’s something about the things you do
Chaka Khan – I Feel For You
Rhythm is a creation a better sensation
La Bouche – Sweet Dreams
On the dance floor getting down
La Bouche – Be my lover
The beat, the rhythm, the bass, y’all come on
Dr. Alban – Sing Hallelujah
Very little knowledge is dangerous
Dr. Alban – It’s My Life
Think about it
Ida Corr vs Fedde Le Grand Let Me Think About It (Extended)
Any Questions – Livin’ On A Fantasy
Talla 2XLC – Shine
( To be continued.. )