The Baby Boomers are desperate to retire, so they believed it...
The Idiocracy gets dumber with each passing day. Nature's way, they enter the old age home with a semblance of cognition and leave it with a semblance of nothing. This is the underlying message from the new book "Fire and Fury" - like many men his age, Trump is losing his faculties, and he reminds us of that fact every single day...
The Idiocracy gets dumber with each passing day. Nature's way, they enter the old age home with a semblance of cognition and leave it with a semblance of nothing. This is the underlying message from the new book "Fire and Fury" - like many men his age, Trump is losing his faculties, and he reminds us of that fact every single day...
"Reflation"
A propos of a society steadily losing its mind, belief in the impossible is now ubiquitous, globally. Ironically, even as global Central Banks have coordinated to remove global liquidity, fools and knaves have stepped into the breach to fill the gap with their life savings. Having no clue that they've been gamed once again by con artists.
Needless to say, there will be lawsuits for anyone who is pumping this fake shit:
"We've inundated everyone with the idea that most Americans don't have enough in savings — that they don't have enough to retire," Borg said. "People want to make it up with anything they can. What else is being as hyped as [much as] cryptocurrency?"
Getting back to the topic of fake reflation, unfortunately, under the Globalization paradigm, economic reflation is entirely impossible, because there is no middle class to reflate. Meanwhile, Central Banks raise rates at the slightest hint of wage reflation, in order to protect corporate profit margins. This is the "Zerohedge" way, also known as how to become a Third World nation: View the economy as a static trade-off between profits and wages, while ignoring long-term solvency, and aggregate revenues.
Today, we got the latest reminder that reflation is a global hoax:
The damage from fake reflation is done - because it has monkey hammered credit markets, and dividend yielding stocks:
Not to mention, 'Conomy:
Which is why gamblers are hiding in 300 P/E momentum "stocks"
Where they can bid up their own assets, while pretending to be wealthy:
"We've inundated everyone with the idea that most Americans don't have enough in savings — that they don't have enough to retire...People want to make it up with anything they can."
But who would propagate such bad advice?
