Our Bullshit Everything
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Our Bullshit Everything
On my latest podcast, I discuss drama in the chess world, why I still believe markets are going to have to move lower, and how one PhD has all but proven the Covid lab leak theory.
It sure feels like forever since I have done a podcast. I have to apologize for that, as I had a guest cancel on me about a week ago and haven’t really had much to say since then.
But last night I was driven to the mic to talk about a couple of things:
First, I talked about the drama unfolding in the world of Chess, where allegations of cheating have been flying. As a novice chess player, it has been fun to analyze the situation and watch grandmasters explain their reasoning and analysis of a suspected cheat’s chess play. Magnus Carlsen suddenly withdrew from the Sinquefield Cup and many suspect it was because he believed his opponent, Hans Niemann, was cheating. That allegation is without evidence, however.
Next, I talked about why I still believe rate hikes haven’t caught up to this market yet and why I believe markets are going to move lower still. So far, the sell off has been orderly and many people are speculating the worst could be over with. I don’t see it that way - there are too many wild, outstanding aberrations for me to believe that things are simply going to settle down.
I wrote this week about why I thought capitulation was eventually coming in markets, though it doesn’t look like that day is going to be today, Friday morning, with Dow futures up over 200 points early in the morning.
As my friend Kenny Polcari wrote this week, “strap in”, because credit markets are likely in for some turmoil:
Kenny notes the coming credit crunch is just a math problem and I agree. I simply don’t think the “rules” of economics can be twisted in a way for credit markets to avoid disaster.
In the words of Walter Sobchak: “Am I the only one who gives a shit about the rules?!”
I also discussed the changing global economic landscape and the changing geopolitical landscape - and why both should be taken seriously instead of being written off as skeptics simply “crying wolf”. I had detailed some of my thoughts on this topic in an article earlier this week called “A Broken Clock Cries Wolf Twice A Day”.
Finally, I talked about the Covid lab leak theory, and how one Rutgers professor and Harvard PhD put together what amounts to, in my opinion, an irrefutable timeline of events that makes it clear Covid came from a lab. I had written about the timeline earlier this week:
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Finally, here’s my latest podcast, for free:
Our Bullshit Everything
Don't forget the effects that the food crisis is coming and that our oil reserves are gone. The power grids are already failing and we have never been more divided. Then there is the crime and the open border. We are in for the big shit sandwich, as you say.
Perhaps Carlsen is just a bad loser.