January 9th Economic Update – Market analysis; Normative vs. positive economics; People are becoming more irrationally irrational

I have uploaded a January 9th Economic Update. Click here to go to the show archives page to listen or you can listen on the link below.

To download the podcast – Right mouse click here

To download the Rense/Rifat interview – Right mouse click here

-Fed policy flip/flop gives some great long opportunities. Will it last? The markets reacted in a very predictable manner.
-Emerging market stresses have abated and the US dollar has faded, as expected
-With less uncertainty in the emerging markets, oil is rising. Lower interest rates help the drillers
-Gold holding up with the rest of the commods.
Normative economics vs. positive economics. I don’t give my opinion on normative policy and objectives. In order to succeed financially, we must analyze the results of normative social policy ( we use positive economic analysis of cause and effect), and make decisions based on the likely outcomes of social spending programs.
-We cannot change the world at large. How we respond to it will make the difference. It takes an objective and independent mind; a rare commodity.
-Social objectives always come with hidden costs and negative externalities. If we can identify them, we can stay ahead of the rest of the population
-People are acting less rationally irrational. They are becoming more irrationally irrational. They can no longer take care of themselves and are quickly losing their free-will.
-I propose some reasons why humanity is becoming less able to think rationally. A Jeff Rense interview with Tim Rifat. 
-The futurists from 50-150 years ago all discussed how humanity would turn out. They were correct. Look around.
-Take a step away from the daily news feed and social media, regardless of source. We are being conditioned to accept chaos and depravity.
-Our hope is that we can overcome the hypnosis and degradation of western humanity to move forward and succeed.
-Boom/bust cycles; why they are accelerating in speed and amplitude. It has nothing to do with what Martin Armstrong discusses.