September 29th Update – Overcoming biases to better our lives; Nobel Prize-winning economists talk about how stupid we are

I have uploaded a podcast for September 29, 2018. Click here to go to the show archives page to listen and look at the relevant links or you can listen on the link below. You can also right mouse click here to download the podcast.

-We all have confirmation biases. How we deal with them separates us from everyone else
-Those with strong beliefs have the most powerful biases. Try rationally discussing the global economy with someone convinced collapse is around the corner.
-I spend little time analyzing what many of the proffered “experts” in the financial media are talking about.  The whole financial industry is one big conflict of interest and they all talk their book of business and agenda.
-The globalists know what we are thinking and with the internet algorithms know why we think this way.
-The globalists know that virtually all people do not know why they have their beliefs.
-The globalists develop different types of controlled media to indulge us.
-Nobel prize winning economists talk about how stupid we are. They work for the dark side. At least they tell us in their books.
-10-year treasury yields may have topped out for the short-term future as the COT report is the most lopsided in history; the large speculators are the most short ever.
-Gold has firm support near 1200 as the commercials added to their long positions and the large specs added to their historically large net short position. Silver is helping as it saw a nice lift to end the week.
-Oil rising as interest rates rise. Most of the marginal producers are out of business from the last downturn and the survivors with strong balance sheets are making a lot of money. I have been long the XOP for a few months now.