Sunday, October 5, 2014

Wall Street Can't Monetize Collapse. This Time.

Wall street and the Corporatocracy already monetized the middle class
Back in 2007/2008, when Wall Street placed its bet against housing, subprime, and the middle class, the market "skeptics" were highly vocal - talking down the market. The stock market had peaked a full year before the Lehman meltdown, so it was in Wall Street's interest to broadcast risk concerns, far and wide.



Singularity: A One Way Ticket
This time around, with no middle class to bet against, there is no viable bearish thesis, except against themselves. Hence, Wall Street is very quiet on the subject of how all of this will inevitably end. After all, for them it's only ever a matter of months before the next bonus payout...


We need not expect any advance warning from Wall Street this time around.