If I may engage in the exercise of patting myself on the back, my oft-repeated declaration that the gap on the $HSI was the target was prescient. I haven’t computed it, but this looks like 99.99% spot-on.

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If I may engage in the exercise of patting myself on the back, my oft-repeated declaration that the gap on the $HSI was the target was prescient. I haven’t computed it, but this looks like 99.99% spot-on.

Another day, another lifetime high. As we head into a phalanx of economic and political storms in the months ahead, the market continues to shrug its shoulders and roar higher, unencumbered by the least bit of fear. The Daily Swoosh is still with us, like a morning newspaper reliably delivered to the driveway.

For all the pearl-clutching and teeth-gnashing last week about how amazing yet-another-bailout from China would be, it hasn’t amounted to jack squat. There was feverish talk about how the Chinese Communist Dictatorship’s Ministry of Finance (sounds straight out of 1984, doesn’t it?) was going to hold a big press conference on Saturday and Monday morning. They did, declaring how “ultra-long-term bonds” (that’ll never be paid off, I’m quite sure) in the TRILLIANS of yuan were being issued. In response, the market hasn’t done dick.

There are about 8.2 billion humans on this planet, which is probably about 8.2 billion too many, but let’s set that aside. It takes a fertility rate of 2.1 to flatline that level, and we are moving from an era of grotesquely large numbers of new humans to a dying, shrinking world (particularly in the well-educated, prosperous places; impoverished shitholes are cranking out LOADS of babies still).

Pretty astonishing that Span and Portugal which, let’s face it, are pretty inconsequential countries these days, once had dominion over almost the entire known world.
