Investor net leverage (NYSE Margin debt - cash and credit). Also shown here:
The magnitude of this collapse will define cataclysmic. Wall Street will be more smoking crater than location. Six years of 0% bailout rope, so they hanged themselves.
For six fucking years straight, the corporate Mad Men, sponsored by Central Bank bukkake whores, have been dismantling the global economy and selling it for special dividends. Econo-dunces were at a loss why there were no jobs, so political sock puppets reconfigured unemployment to exclude anyone who can't find a job. All while the Soylent Idiocracy euthanized itself on junk food and junk culture.
The foundational structure of the economy has now been totally eliminated. The current illusion-formerly-known-as-the-economy consists of printing and borrowing, abetted with fake confidence, all hanging by a single overnight event.
This time, there will be nothing left to bail out - 30% of listed companies are running losses and the rest are saddled with trillions in "leveraged recapitalizations" aka. equity for debt.
First they cannibalized local economies, then they cannibalized the middle class, then they cannibalized themselves. All it will take for the corporations to go away, is to do nothing.
Central banksters didn't circumvent reality, reality circumvented them.
First they cannibalized local economies, then they cannibalized the middle class, then they cannibalized themselves. All it will take for the corporations to go away, is to do nothing.
Central banksters didn't circumvent reality, reality circumvented them.
