Nov

28

 Readers of the Dailyspec who follow the trend should note the French presidential primary result:

From the WSJ:

Francois Fillion, a former prime minister who compares himself to Ronald Reagan and Margaret Thatcher, resoundingly defeated Bordeaux Mayor Alain Juppe in the runoff [election] primary Sunday, garnering 66.5% of votes.

Just two weeks ago, polls had shown Juppe, a centrist with bipartisan appeal with a comfortable lead.

Fool me once. Shame on you. Fool me twice. Shame on me.  Fool me three times, shame on the pollsters and media.

Scott Brooks writes: 

The pendulum is swinging hard away from the leftists.

Soon the non-leftists will screw things up and it will swing the other way.

The left (including the MSM) are like cockroaches…..not even the nuclear bomb of Trump can wipe them out.

Ralph Vince writes: 

I think we're witnessing something bigger than a pendulum swinging — I think we're watching a major, glacial, cultural shift going on now, around the planet large than politics, where the last vestiges of the last century are being slowly self-lulled into extinction, and many other things going on.

I think the "ZIRP minus minus" world, the survival of the ending of easing, and other "perfect storm" factors are colliding to make for an explosive rise in asset values sans a corresponding rise in rates, that may persist for decades.

The greatest free-market transference of wealth in human history is already upon is for those willing to assume risk, to be followed by legions of those who must assume ever-greater risk. Never has there been such powerful feedback and driving mechanisms that have fallen into place.

And as I've said here, I think most people are on the wrong side of this, which further buttresses the case. As I mentioned yesterday, the "Snowflake" generation (who I regard as the new "greatest generation") are modern-day Spartans of productivity, trained in it from birth. I have infiltrated their camps, I have gone in and worked with them for months at a time, wanting to learn this-or-that (and getting paid to o it) telling myself that when I leave, I leave knowing what they know (oh, yes indeed this coerced humility from me!) and I walked out the doors with heir brains in mason jars, amazed at their work ethic, embarrassed by my own in comparison. Every preceding generation had "no such thing as dumb questions," but theirs.

What an engine, what a perfect storm, what a cultural cusp we are upon.


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