The Truman Show is a 1998 movie that revolved around Jim Carrey’s character, Truman Burbank, who was unwittingly the focus of a long-running TV program where his entire world consisted of an elaborate set filled with actors, unbeknownst to him.
In his constructed reality, everything is stage-managed. When a stage light accidentally falls from the sky, nearly hitting him, the radio in his car immediately begins broadcasting news about a plane flying overhead that was shedding parts.
Nothing in his world is left to chance, and every encounter is scripted for him. Over time, he begins to sense that something is wrong, and lots of little anomalies stack up to the conclusion that he’s living in a carefully-crafted bubble of fiction.
Eventually, he breaks free and the end of the movie, the millions of people who followed his life simply turn the channel to the next diversion.
The financial “markets” of the US, Europe and Japan have become Truman Show creations. Markets is in quotes to denote the fact that they are more simulation than reality. In a world where the continuance of the programming depends on the virtual reality bubble being maintained, nothing is left to chance.
This week’s prime Truman Show-esque equivalent of a light falling from the sky moment is revealed in how the Greek exit drama is playing out in the “markets.”
The risks that a Greek exit pose to financial assets are enormous, not least of which is the simple uncertainty that nobody knows what might happen next. In a normal financial market there would be some measure of caution, some protection taken by actual investors to insulate their holdings from potential losses.
In other words, some selling.
But to the central planners, no such thing can be allowed. Because that might challenge the current narrative of their omniscience and omnipotence.
As the Greek talks have broken down and the prospect of a messy Greek exit seems ever more likely, a very strange thing happened in the “markets” – they mysteriously began to recover all of their (exceptionally minor) losses, powering the S&P 500 to within a whisker of new all-time highs in the lightly traded overnight futures “markets”:
European markets shrug off collapse of Greek talks
Feb 17, 2015
European financial markets have largely shrugged off a breakdown in talks between the Greek government and its eurozone creditors that has increased the likelihood of the country losing EU financial backing at the end of next week.
by abandon-ship-2 
