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Red Pill, Blue Pill, Cognitive Dissonance, Pavlov’s Dogs I received an email a few weeks ago stating "Hussman has been so wrong I should stop quoting him." Nonetheless here I go again, because I think Hussman has something important to say. Please consider a few admittedly lengthy snips from his post today Pills for Cognitive Dissonance in a Speculative Bubble
View post: Income Inequality Author Turns Down Prestigious Award; Can you Solve a Problem When You Don’t Know the Cause?
Read more here: Snap Elections in Greece; 3-Year Bond Yield Tops 12%; Potential Cascade! Who Has the Upper Hand?
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More here: Gmail Dead in China, All Google Products Blocked; Reserve Currency Silliness Review
The Financial Times reports China Zombie Factories Kept Open to Give Illusion of Prosperity . In the shadow of a group of enormous smokestacks and abandoned foundries, a peeling sign welcomes visitors to the Wenxi Steel Industrial Park.
More: Russia Debt One Grade Above Junk With Downgrades Coming, How Likely is Default?
More here: Russia’s Overnight Lending Rate Hits 19%, as Mistrust of Banks Spreads; Ruble Up Again
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