Monday, September 18, 2017

Conflict Of Idiocracy

In the movie Idiocracy, every aspect of society is controlled by corporations and people have been systematically dumbed down to the level of a brick. They are led by a semi-literate carnival barker for a president...

Nine years ago this week was the Lehman bankruptcy (September 15th, 2008). In the meantime, what have we learned about conflict of interest?

Nothing.

There are several beneficiaries from stock market ponzi bubbles, conned sheeple who are the bagholders of last resort are not among them: Corporate executives continuously sell their dilutive holdings to the public. Wall Street brokers rake in commissions. Investment bankers hawk junk IPOs. Advisors receive fees for keeping their clients fully invested. Hedge fund managers accrue year-end bonus. Central Banks justify their existence. Unfortunately, not one of them has incentive to predict this charade's ending ahead of time, because that would unduly impact quarterly profit. 

So they don't. 

Not the brokers



Not the wealth advisors



Not the banks



Not the wealth managers



Not the oil and gas producers



Not the retailers






Not the restaurants




Not the transportation companies



Not the staffing companies



Not Big Cap Tech



Not the industrial companies



Not the consumer staples companies



Not the auto companies




Not the media companies



Not the Central Banks