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Debt issues simmering for quite a while already expanded dramatically the last two weeks... Evergrande no longer the biggest story as the contagion spreads and the impact accelerates... and it looks like the wheels coming off the debt bubble now has finally started to resonate globally this week.
China's effort in cutting rates, and using the WEF podium to try to direct the Fed not to raise rates... beyond being ridiculous... is all way too little and way too late. Everyone, everywhere have been lying about "economic growth" more than usual the last year... and its obvious. "Nothing to see here, everything's fine"... is about to suddenly not work in spectacular fashion, would be my guess...
The "fragility" of mercantilist supply chains... is not self healing ? And, as there's not been any recognition of the fact... much less any real effort made to fix any of what's broken with a rational response... what we will get from here... is more likely to be an accelerating pace in the rate at which the cracks spread...
Note the description in this vid... that the issue isn't that fragile systems of this sort "fall apart"... but, that, once they start losing integrity... each of the pieces that comes apart... still contains all of that same self destructive potential...
The problem will be... unlike badly designed manufactures made with residual stresses incorporated in them... which we ALSO know fully well enough how to avoid... (although the vid leaves out that this is really only an issue of incompetence.... and liability... ?)...
...when its governments that inflict those parallels in bad ideas, stupid plans and poor execution in constructing fragile economic systems with built in stresses that tend to make them explode randomly... exactly mirroring those systems repeatedly proven incompetent in centuries of prior history... there's really no recourse other than to watch the inevitable explosion as it occurs:
Communism and National Socialism... are stupidly bad ideas inherited from the last century... that have the same inherent inevitabilities built into them as we experienced last century... flaws which they inherited from the legacy systems that had preceded them, which they then amplified... and made rigid.
So, this next vid is not really about glass at all in my use of it... rather than about... moving past bad ideas... to discover how much less rigid, less stressful, and more enlightening... greater freedom of motion and flexibility can be...
The energy stocks have done remarkably well, recently... gold and silver... copper also... have been moving higher this week ? Gold and silver moving higher this week you might think are a "systemic risk" trade... but copper and oil are rather harder to explain as being about that ?
All four of them... do tend to be malleable ? Maybe that's it...
