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Minsky, Myopia, & Why The S&P 500 Is A Bloated Corpse

Minsky, Myopia, & Why The S&P 500 Is A Bloated Corpse

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

According to Hyman Minsky, economic stability is not only inevitably followed by instability, it inevitably creates it. Complacent humans being what they are. If he’s right, and would anyone dare doubt it, we’re in for that mushroom cloud on the financial horizon. We know that because market volatility, as measured for instance by the VIX, the Chicago Board Options Exchange (CBOE)’s volatility index, is scraping the depths of the Mariana trench.

Science Tells Us This Is All True

Science Tells Us This Is All True

Authored by Simon Black via SovereignMan.com,

On April 30, 1934, under pressure from Italian-American lobby groups, the United States Congress passed a law enshrining Columbus Day as a national holiday.

President Franklin Roosevelt quickly signed the bill into law, and the very first Columbus Day was celebrated in October of that year.

Undoubtedly people had a different view of the world back then… and a different set of values.

US Sends Nuclear Submarine To Korean Peninsula For More Military Drills

US Sends Nuclear Submarine To Korean Peninsula For More Military Drills

As US forces prepare to join their South Korean partners for yet another round of the military exercises that North Korean Leader Kim Jong Un is so fond of, the US has sent a nuclear-powered sub to participate.

The nuclear-powered submarine Michigan will arrive in the Korean port city of Busan, situated in the southern part of the country, by the end of the week, according to Bloomberg, which cited local media reports.

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