Seeking Solutions In An Uncertain World
by Tyler Durden
Submitted by Todd Harrison of Minyanville
Seeking Solutions in an Uncertain World
“We used to play for silver, now we play for life; ones for sport and one’s for blood at the point of a knife.” –Grateful Dead
We live in interesting times. During the last two years, a financial virus spawned and infected the economic and social spheres as a matter of course.
This isn’t just about money anymore. Our civil liberties, the foundation of free market capitalism and the quality of life for future generations are dynamically shifting as we traverse our current course. (See: The Short Sale of American Icons)
I once offered that Shock & Awe was a tipping point through a historical lens; as Baghdad blew-up on CNN, I somberly sensed America would never be the same. That’s not a political statement — we don’t know what would have been if we didn’t invade — it’s simply an observation. Almost overnight, world empathy turned to global condemnation.
If we’ve learned anything through these years, it’s that unintended consequences tend to come full circle. Whether it’s the moral hazard of bailing out some banks, the gargantuan profits of a chosen few — Goldman Sachs (GS), JP Morgan (JPM), Bank America (BAC), Morgan Stanley (MS), Wells Fargo (WFC) — the caveats of percolating protectionism, or the growing chasm of social and geopolitical discord, times they are a-changin’ and it’s freaking people out.