We’re heading into recession

The lux market is imploding so they pull shit like this.

https://www.eonline.com/news/1068788/chanel-beauty-hires-its-first-openly-transgender-model-teddy-quinlivan

Guess who owns Chanel?

….

….

If you guessed two old Jews, you would be correct.

They always go for gamine gays.

Never burly hairy ones. Inherently still promoting the femme.

Fine, nuke all your prestige, watch your sales.

You can’t replace actual women, lookalike as the freaks may.

Meanwhile, the only people spending on lux like Paris Hilton on coke:

https://www.zerohedge.com/personal-finance/chinese-youth-dangerously-drunk-debt-grandparents-roll-graves

Food security lecture

Useful format.

also

2 minutes of hilarious ass-covering.

Entrepreneurs can’t invest in a socialist system?

Pensions are killing companies?

Banks hate savers?

Human investment is low because of globalisation?

No. Shit.

Nothing to do with national IQ, huh? No link researched ever, eh?

Benefits cliff? Importing old NHS drains? No?

The last one is some fun to round out a depressing watch.

David Cameron: when the economy goes, I didn’t do it

http://uk.businessinsider.com/cameron-dont-blame-me-if-the-economy-crashes–its-everyone-elses-fault-2014-11

He’s partially correct. It’s mostly Labour’s terms (£££) and the EU.

As I met world leaders at the G20 in Brisbane, the problems were plain to see. The eurozone is teetering on the brink of a possible third recession, with high unemployment, falling growth and the real risk of falling prices too. Emerging markets, which were the driver of growth in the early stages of the recovery, are now slowing down. Despite the progress in Bali, global trade talks have stalled while the epidemic of Ebola, conflict in the Middle East and Russia’s illegal actions in Ukraine are all adding a dangerous backdrop of instability and uncertainty.

In our interconnected world, wider problems in the global economy pose a real risk to our recovery at home. We are already seeing that, with the impact of the eurozone slowdown on our manufacturing and our exports.

We cannot insulate ourselves completely, but we must do all we can to protect ourselves from a global downturn.

He’s trying to get re-elected, but at least he knows how fucked we are.
Rising interest rates?

Feminist Laurie Penny showing herself up as a moron for Occupy Wall Street

Blame everyone! Ask for everything! Explain nothing!

Notable excerpts;

Laurie Penny: “we don’t have debt because of the public sector, we don’t have debt because we spent too much on public services”

Someone can’t read a spreadsheet.

“Governments were forced to take those debts from the banks”

This is so wrong I’m not going to bother making fun.

 

Video: Stockbroker: “Markets are ruled by fear”

The most honest stockbroker in the entire world, everyone: Alessio Rastani

3 1/2 minutes for a heady dose of reality. I’m surprised the BBC didn’t assassinate him.

Essentially;

Markets are ruled by fear.

The market is toast. The stock market is finished. The Euro – they don’t really care. They’re moving their money away to safer assets. Personally, it doesn’t matter. I’m a trader. I don’t really care about that kinda stuff. If I see an opportunity to make money, I go with it so for most traders it’s not about, we don’t really care how they’re gonna fix the economy, our job is to make money from it. Personally, I’ve been dreaming about this moment for years, I have a confession which is: I go to bed everynight, I dream of another recession. I dream of another moment like this. Why? Because the Thirties Depression, wasn’t just about the market crash – there were some people who were prepared to make money from that crash and I think anybody can do that. It isn’t just for some people in The Elite. Anybody can actually make money, it’s an opportunity. When the market crashes, when the Euro and the big stock markets crash, if you know what to do, if you have the right plan set up, you can make a lot of money from this. For example, hedging strategies is one, investing in bonds, treasury bonds, that sorta stuff.
This economic crisis is like a cancer. If you just wait and wait, thinking this is gonna go away, just like a cancer it’s gonna grow, and it’s gonna be too late. What I would say to everybody is: Get Prepared. This is not a time right now to … wishful thinking that government’s gonna sort things out, the governments don’t rule the world, Goldman Sachs rules the world. GS does not care about this rescue package, neither does the funds. So actually, I would tell people, I wanna help people. People can make money from this, it isn’t just traders. What they need to do is learn how to make money from a downward market.
The first thing people should do is protect their assets. Protect what they have. Because in less than 12 months [2011], my prediction is the savings of millions of people is gonna vanish and it’s just the beginning. I would say be prepared and act now. The biggest risk people can take right now is not acting. [complacency]”

I am rarely impressed yet once in a blue moon

The prediction is correct, if not for the QE programmes backed by the World Bank and IMF that have staved it off thus far.

Anyone have tips to add?