Holy fuck. We're doomed.
Fed Chairwoman Janet Yellen testifying to the House of Representatives today:
25 year olds "retiring" before they get their first job is due to "demographics"
Fortunately, the CasinoConomy is "doing well". Revenueless Biotech IPOs are at all time highs
Red line is one year interest rates
Black line is global carry trades
This just in, Canadian economy tanking, government unexpectedly slashes interest rates
C$ now at Lehman lows. Move along, it's probably nothing...
Canadian Dollar with China GDP growth rate
Oil and commodities getting shellacked today
Oil stocks with Emerging Markets. Acceleration any time...
Ignore China. Ignore Europe. Ignore your largest trading partner imploding in real-time. Ignore the fact that interest rates are stuck at 0% for the first time in U.S. history, and deficits exceed GDP growth.
The major reason why Bernanke, Yellen and Obama were selected by the Oligarchs is because they were the ones dumb enough to let this all happen. That's all. If it wasn't them it would be Forrest Gump. Or a pet rock.
