The term Idiocracy no longer adequately describes today's reality TV, attention deficit, South Park addled duncefest. I am hereby looking for a new term that more completely depicts the profound depths of asinine stupidity of our so-called leaders and the tools that follow.
Case in point, I just read this oblivious article:
It's Central Banks of course, shocker, but that's not the point, the point is that stocks are NOT at record heights. The S&P and Dow are at record highs, unconfirmed by the broad based Wilshire, The Russell small cap, the Nasdaq, The Nasdaq 100, every sector, except "yield", and the entire rest of the world.
The Global Dow (which includes the U.S.) is in 2007. It's also at the same level it was at in 2013 the last time Central Bank dopium was at these levels.
Central Banks have squandered untold trillions on a momentum circle jerk that's not even working anymore:
There is a 73% performance gap between the U.S. and the rest of the world since 2007:
This is the average U.S. stock. Compare last year's highs (blue vertical line) with this year's "highs"...
No one in the future will understand how the entire lamestream Idiocracy traded worthless pieces of paper back and forth while the entire economy collapsed around them.
On the upside of all this, there is zero chance they will save Globalization.
Because they're not even trying. They haven't figured out that it's collapsing, and printing money is NOT the secret to effortless wealth.
