Tuesday, June 23, 2015

The Wall Street Bail-out: History's Largest Self-Burial

"...and just six years after bailing out Wall Street, everyone was bankrupt..."

"Only 22% of Americans have at least six months of emergency savings (that’s what advisers recommend) — the lowest level since Bankrate began doing the survey."

Foodstamps versus employment:

Got economy? Or just dead canaries in a coal mine...

Where each sector is today versus where they peaked in 2007/2008:
Biotech aka. growth peaked concurrent with Lehman, albeit from a much lower level:

Got revenueless IPOs?

Full monetization in the casino (Interactive Brokers):

"By the end, the entire Ponzi scheme was held up solely by the flow of idiots throwing their life savings away on worthless IPOs. And the companies that were monetizing them..."

You don't have to "predict" what's going to happen, when it has already happened. Collapse isn't an "event', it's a multi-year process of liquidation in broad daylight, followed by 'Aw Fuck, Not this again!!!'