The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.
Thursday, January 14, 2016
Wages = Revenues = Profits. Duh.
"They laid off the middle class and then they were shocked when demand didn't show up" This was all going to end with a bunch of fucking tools realizing they're just a bunch of fucking tools... The circle of jerks aka. the self-bankrupting Free Lunch Club:
This just in: jobless consumers are not benefiting from cheap oil...
"seven of the 10 sectors that make up the S&P 500 now are expected to show declines"
Econo-dunces are confounded. Shocker.
"the notion that the weakness, thought by many on Wall Street to be contained to the energy sector, has spread. The contagion has confounded economists, who believed that by now low gasoline and heating oil prices would have resulted in a net positive to the economy."
Look out below
Stock buybacks are now suspended for earnings season, so Skynet's last source of liquidity just left the building...