Ponzi World (Over 3 Billion NOT Served)

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, September 8, 2016

Then There Were None

"At least 10 companies this week alone have lowered outlooks for the second half of the year"

"S&P 500 companies are expected to show a decline in EPS of 2.12%...that would be a sixth straight quarter of decline. As recently as the end of March, analysts were expecting EPS growth of 3.2% for the quarter"

So the "analyst" estimate is only off by -170% on a relative basis in 5 months. I really trust these jackasses with their magic 8 ball forward PE estimates. Which extrapolate the asinine into the indefinite future. Deja Vu of 2008, those estimates will go from 18 PE to 180 PE in one nanosecond called "holy fuck, we're serial idiots..."

Companies are now imploding, across all income levels...

Pier One

Whole Foods

Dollar General

Rolls Royce

Tiffanys

Kohl's

Campbell Soup

Macy's

Walmart

Amazon and Sears

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