Mish's Global Economic Trend Analysis

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Design Your Room, Quadcopters, Tools, With Holograms: Are Holograms, the Next Deflationary Force? Posted: 18 Jul 2015 07:54 PM PDT Reader Thoughts on Holograms Reader "DT" from Brazil emailed a link and some thoughts on holograms. "DT" writes ... Hello Mish, I'm from Brazil and I have been reading your blog daily for the past 2 or 3 years. I believe your views on credit and deflation are the ones which most accurately predict how economic events unfold. I also take great interest in the Austrian school of economics. Anyway, the reason I'm sending you this email is because I noticed something that has a huge deflationary potential. The Microsoft Hololens [Mish Note See Video Below]. Imagine your house. You have the real world objects. You also have the augmented reality objects in your house. You have virtual decoration and interior design. You have virtual TV screens, computers, and whatever else your imagination permits. Imagine you can decorate an apartment before you buy all the real stuff for it. You can model your entire house and only after you see how every little detail fits, you go buy the real stuff. I risk saying that this is gonna be another deflationary leap forward. Best regards! Microsoft Hololens Demo Link if video does not play: Microsoft Hololens Studio Demo Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Lesson of the day: Political Metamorphosis Posted: 18 Jul 2015 01:47 PM PDT Fourth Greek Election Since 2012 Coming Up? It appears that way. Now that the vote for servitude is a done deal, the ensuing Greek Reshuffle Hints at Autumn Election. Alexis Tsipras, Greece's prime minister, appears to be preparing the nation for a snap general election in September or October after carrying out a government reshuffle that removed dissident ministers from his radical leftist Syriza party. The changes, announced late on Friday, mean that Mr Tsipras now controls a cabinet more loyal to him and more committed to his path of adopting economic reforms demanded by Greece's eurozone creditors in return for a new rescue deal worth up to €86bn. An early general election appears the most likely prospect, once the Greek parliament has approved the reforms, in order to clear up a confused political landscape in which Mr Tsipras is simultaneously hostage to Syriza rebels and to opposition parties that intend to offer him only temporary support. Metamorphosis of Syriza The metamorphosis of the radical-left Syriza caterpillar Alexis Tsipras into a center-right butterfly is nearly complete. Tsipras has become a clone of prior Greek prime minister Antonis Samaras, the center-right New Democracy leader he vehemently denounced only six months ago. Please note that the entirety of the change came between the Overwhelming No Vote in the July 5 yes-no Greek referendum, and Tsipras' Breathtaking Political Transformation on July 13. In the process, we have learned an important lesson: Complete political metamorphosis of every key position takes no more than eight days, a new world record. Butterfly Runs for Office The switch from radical-left caterpillar to center-right butterfly required a complete sacking of Tsipras' cabinet, and new elections as well. In the upcoming election it will be the "butterfly candidate" running for office, not the "radical-left caterpillar". Curiously, had Tsipras run on a butterfly platform in the last election, he would have lost. This brings us to another important lesson. Lesson Number Two Timing of political metamorphosis is crucial. With incorrect timing, you turn into a toad or a goat, not a butterfly. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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Seth's Blog : "Because it has always been this way"

"Because it has always been this way"

That's a pretty bad answer to a series of common questions.

Why is the format of the board meeting like this? Why do we always structure our annual conference like this? Why is this our policy? Why do we let him decide these issues? Why is this the price?

The real answer is, "Because if someone changes it, that someone will be responsible for what happens."

Are you okay with that being the reason things are the way they are?

       

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