The turkey gets fed everyday by his benevolent human owners. The cow says to the turkey “you better stop going back there because you are going to get killed”. The turkey says “you’re crazy, it happens the same everyday so it has to happen that way again.” “That is just the way things work, look at my charts of past feeding cycles, the same thing for recorded feeding history.” “Now please cow stop being such a pessimist”

-Improvisation of a Nassim Taleb quote

We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.

Real unemployment will be passing 20% in short order.

The financial surrealism which has been at the heart of stock market trends, financial indicators and political commentaries in the past two months, is in fact the swan song of the referential framework within which the world has lived since 1945.