Monday, February 20, 2017

The Exorbitant Privilege Of Knowing Nothing: Cost $Everything

Trump represents the pinnacle of ignorance and arrogance. An all-knowing con man who knows nothing about the rest of the world...

Herein, graphically, lies the heart of the problem, and why I call this the last bubble. Anyone, and I mean everyone on Wall Street and points in between, who believes that stock market P/E ratios have the slightest meaning at this juncture, is an historically colossal buffoon.

This is all 100% pure Ponzi, accept no substitutes.

Corporate profits divided by U.S. Federal debt

% change since the previous S&P top October 2007: