JP MORGAN FOR ANALYSTS BULLSHIT///SHOULD READ "CUSP OF FINANCIAL CRISIS"

Mike, I have to say that this analysis, acute as it may be, is like reading OK magazine or Hello, it seems stuck in a hopelessly gossipy he said she said he did she didn’t narrative without examining why.
There is no attempt to ask let alone answer the Why? question.
The other article is very interesting although after all of the article the last sentence positing two species of Currency one for Market players and one for the plebs is precisely what we have now. We are living in the new age of the Robber Barons, this time though. The Robber Barons have a much tighter grip on the levels of civil society and civil society itself is wholly subservient to the International organs of Corporate Power. We are, I think, at the mercy of the Corporate Oligarchs who are still duking it out amongst themselves. What are the Factions? Silicon Valley in the corporate persons of Google/Facebook/Amazon is one, The Military Industrial Complex is another, Banking finance and so forth is another, Traditional Manufacturing is another, Energy is another  The traditional Old Money Aristocracy and nobility is another, The Media Traditional Printed and broadcast as distinct from Silicon Valley ( are they morphing) and all of them overlap but do have separate interests and philosophies.

That the Swiss Central Bank scored 8% of Swiss GDP last year as stated in the other article demonstrated how powerful a tool the Central bankers have, we have to ask are the commercial banks part and parcel of the same thing as the Central Banks and if so to what extent are they joined or separate? Politics at this stage is really just an arm of the Media complex I think.

Question WHo is the new James Wolfson? he was very visible before his retirement, Christine Lagarde does not in my view command the same respect? Strauss Khan who would have been doing that job and Also Sarkozy’s current troubles should be factored back into where the play is going. Merkel and May are both Lame Duck leaders whichever faction they support or factions must be worried certainly in the Uk the Cambridge Analytica, Skripal and also increased attacks of Corbyns character and leadership all point to a wish by the Brtish Establishment to jettison May and also kill Brexit.

Brexit and Trump taken together, Catalonia Italy and events in Turkey are all pointing to an unravelling of one strand of the Oligarchy’s factions, Tillerson’s and Mc Masters departures point to a defeat for the Pentagon or a faction within it. Traditionally in the UK military, there are rivalries between Famously the Airforce and the Army but older than that, of course, the Navy and The Army. A very big rivalry exists between Naval Aviators and Airforce aviators the same rivalries will exist in the Us military although I am less familiar with them.

At some stage of analysing the Markets, I think it is worth getting back to what AJP used to call the Guns or Butter question which used to be Swords or ploughshares in more ancient times.That is one question and then the second is usury and debt slavery and taxation. These two questions are the old questions of good or bad governments, see the Allegories of Good and bad government for details.

Long story short looking at markets for symptoms of something in the economy occurring is a dead art. The economy and the **Markets** are simply no longer connected and have not been for many years certainly longer than the 10 years since the Great Crash so-called Sub Prime crisis.

Karl Rove’s words from way back when need careful consideration in the context of this question.

 ´´The aide said that guys like me were “in what we call the reality-based community,” which he defined as people who “believe that solutions emerge from your judicious study of discernible reality.” I nodded and murmured something about enlightenment principles and empiricism. He cut me off. “That’s not the way the world really works anymore.” He continued “We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality—judiciously, as you will—we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. We’re history’s actors … and you, all of you, will be left to just study what we do.”
Suskind, Ron (2004-10-17). Faith, Certainty and the Presidency of George W. Bush. The New York Times Magazine.

https://en.wikipedia.org/wiki/Reality-based_community

https://en.wikipedia.org/wiki/Karl_Rove
JP MORGAN FOR ANALYSTS BULLSHIT///SHOULD READ “CUSP OF FINANCIAL CRISIS”