Our Wizard-of-Dunce thought dealers are right now wondering why their Monetary and Fiscal alchemy taken to Level 11, is no longer working. This is Rob Reiner discussing Monetary Policy with a Central Banker:
Modern Economics is a colossal failure. It's morally, intellectually, and soon-to-be financially bankrupt.
Jack Welch, former CEO of GE:
"Ideally you'd have every plant you own on a barge." Meaning, ready to move if any national government tried to impose restraints on the factories' operations, or if workers demanded better wages and working conditions.
No consumers, no revenue, no General Electric...
"It was a bad time to be the most leveraged company in the S&P 500, and the Dow stock with the third largest revenue decline..."
GE had the largest stock buyback of 2015 (tied with Apple): $50 billion aka. 3 years' equivalent profit. And yet the stock still couldn't break the '07 high much less Y2K high.
This piece of shit was at $5 in 2009, this time it's going to zero: