THE NEW MATH: "That which makes no sense is nonsense"

The indefatigable Tyler Durden relays a must-watch presentation by Grant Williams, best known for his Things That Make You Go Hmmm newsletter. Some of the highlights?

Williams' Problem 1: If the global economy is stalling, Europe is in recession, China is slowing and growth is seemingly impossible to generate, what are equity markets doing at all-time highs?


Williams' Problem 2: If Chinese manufacturing has stalled, demand for raw materials is slumping, imports and exports are declining, and Chinese power consumption is falling, how is China's GDP growing at 7.7%


Williams Problem 3: France!?


Williams' Problem 4: If honesty is the best policy, then is dishonest the second best policy?

Williams' Problem 5: If there were no sponges living in the oceans, would the oceans be deeper?

Williams' Problem 6: Paul Krugman? Really?

Williams' Problem 7: The Gold Price and The Price of Gold are mutually exclusive

As Alan Roth observes regarding the equity markets, "investors rediscovering borrowing on margin and hitting an all-time high is clearly a red flag warning that there may be a rip-tide".