Quote Of The Day

Quote of the Day: “Now, we’ve seen a pretty impressive demonstration of advanced nations playing financial games to cover up this corrosive condition. But the dishonesty at work is pretty obvious, and the problem with dishonesty in financial affairs is that it represents unreality. The accrued momentum in colossal sums of money flowing this way and that way has allowed unreality to reign in international finance for a while. But that is now flying apart. The ultimate reality, politicians and economists will soon discover, is that you can’t create your own reality.”- James Kunstler

Quote Of The Day

Quote Of The Day: “You are not an investor. One can only be an investor in functioning markets. There have been no functioning markets since at least 2008, and probably much longer. That’s when central banks started purchasing financial assets, for real, which means that is also the point when price discovery died. And without price discovery no market can function.” – Raul Ilargi Meijer

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