Thursday, June 23, 2016

Record Number of Idiots. 0% Survival.

Only record stock buybacks keep this entire Ponzi scheme intact and only barely...

The Idiocracy is too stupid to survive. They always believe the exact opposite of the truth. Today's dunced narrative is that Donald Trump will start a "Trade War" with China. The reality is that he would be stopping a trade war with China. Unfortunately you can't start something that's been going on for 35 years, during which time American Multinational corporations bankrupted their own customer base. 

Now, the only thing keeping their profits up are mass layoffs to fund stock buybacks. A smoke and mirrors strategy that has ever waning efficacy...

"During the March 2015 to March 2016 period, U.S. companies spent a record $589.4 billion in share repurchases, according to figures released Wednesday by S&P Dow Jones Indices. That eclipsed the previous record of $589.1 billion set during the market peak in 2007."

"It was all going great for me, fuck everyone else. But then it all imploded totally unexpectedly. Not one self-absorbed jackass saw it coming..."

"They bet it all on the jobless consumer. And were shocked to find out no such thing exists. No one told them."