Globalization is supply without demand, which means that today's Supply-Side dullards have over-invested in collapse. Post-2008 was about final imploding the labour market. What comes next will implode capital...
Globalization was never about raising living standards, it was always about lowering costs. Instead of making the Third World middle class, it made the developed world's middle class, Third World. All papered over with colossal amounts of ponzi debt, of course, to give the mandatory delusion of indefinite viability that is all important to the de facto Idiocracy.
Having liquidated the manufacturing sector, today's apologists for ponzi capitalism now blithely ignore the daily obliteration of the retail sector. They just assume that everyone else is going under the bus, because it never once occurs to them that they are everyone else. It's called "uncreative destruction"...
Any questions?
But first, a new record high in the Nasdaq bubble:
What does it mean when stocks "closed mixed", I'll show you...
Here is the Nasdaq 100 / Dow ratio:
Let's take a look at Goldilocks and the zero bears, vis-a-vis retail:
Dick's Sporting Goods, is the latest retailer to implode:
Urban Outfitters
Rite Aid
My view is that we’re going to repeat the financial-crisis performance and Pier 1 will plunge the depths, possibly even facing bankruptcy in the years ahead.
Slight typo:
Slight typo:
When today's stunned dunces realize they're stunned dunces, these lines will be heading down together.
You know, just like last time...
"Goldilocks"
Don't expect it to take too long...
Make America implode again...
Westmoreland Coal
