RE:RE:RE:RE:RE:Impressive price strength todayI honestly do not think anyone is in control of this situation. Yes, the big banks and the fed have much more power to intervene than us small people but there is truly a much larger picture here.
I read a post yesterday by spine001 that explained our current predicament much better than I can. Here is the post:
The reason you can't find the pattern is that there is none to be found. What you are seeing is the typical behavior of a dynamic feedback loop acting on a non-linear system of multiple parallel paths. The behavior when the system is about to leave one attractor to go to another one is "chaotic", and can't be predicted. The reason is that the mathematical equations (a set of non-linear high order differential equations) have a solution that is infinitely dependent on the initial conditions. Yes, an infinitesimal change on the initial conditions in this type of system produces an infinite divergence in the solution of the equations. The only way to understand this type of system is to understand the family of possible stable solutions. Meaning with stable a solution that once the system reaches that multidimensional space region, it stays there despite stimulation to leave the space. These stable spaces are called attractors of the system. Obviously we have been (the economy) in one of them, and the actions of the CBs are placing us at the boundary of the region of stability, by increasing the gain of the system (monetization, as the monetization increases the stakes in the game increase for all the players, one small error and they lose everything, thus the gain and velocity of change increase). Economists don't understand this that is why they hire physicists and mathematicians to create the algorithms.
The point is that as the system evolves to another stable region or attractor, it will traverse any possible states at an apparent random order, but it won't stay there. Further, once the system is out of control, it can't not be brought back under control something that plant control engineers painfully know, short of stopping the plant under control. Good luck stopping the economy!
Bernanke before and Yellen now, are playing with forces they can't possibly comprehend, and them along with a lot of our current elite suffer of megalomaniac syndrome and should be medicated, but rather than that they are being given the power and the tools to destroy civilization by our current leaders. Leaders who are thinking of themselves first and believe in the survival of the fittest. Funny enough, they don't even understand that last sentence, since survival of the fittest depends on the fittest for what? Politicized civilization or wilderness! They are the ones that will lose the most if they destroy the status quo, but the paradox is that they are the ones enabling the CBs to place them at risk. Conclusion, they don't have a clue of the forces they are unleashing.
Oh, and don't wait for a single event, there will be none, simply a continuous evolution towards a new stable system, nearly everything that can happen will on the transition. It's mathematically impossible to predict when we will reach that point or how we will reach it.
Source:
https://www.zerohedge.com/users/spine001