"In this quarter, companies are relying on financial engineering, labor arbitrage, smoke and mirrors, snake charming, and voodoo to achieve the illusion of profit growth, in lieu of the middle class that they previously outsourced..."
Joe Kernen: "This is what makes us exceptional"
In an EXTREMELY efficient economy, the 1% would own everything and the rest of humanity would systematically become their slaves UNTIL, there was no one left to buy their "products", at which point their "investments" would go bankrupt. Oh wait...
This is Joe Kernen's world of smoke and mirrors, we can only get in the way.
"By the end it was all financial engineering and mass layoffs, so no one saw it coming..."