The Borg have adopted the habits of their corporate overlords - always seeking short-term gratification at the expense of long-term consequences. And questioning absolutely NOTHING.
Per my blog description above, the mantra of Generation Madoff is "this is all going to explode, but fortunately not in my lifetime". Unfortunately, when you live in an old age home it's easy to miss the steady degeneration. The end always comes suddenly and "unexpectedly".
These people are fucking thieves. Nothing more, nothing less. They used Social Security deductions to pay for serial tax cuts, so now they have to reduce pension payments:
The pursuit of the consumption-oriented lifestyle is competitive self-destruction. With respect to mental and physical health, intellectual capacity, and economic well-being.
Now, corporations are self-destructing as well. Having fed off the carcass of 2008 for an additional decade, they've run out of human materiel to harvest and are now self-cannibalizing via debt funded stock buybacks.
I'm detecting somewhat of a pattern here:
Companies with the largest buybacks are the weakest part of the market, because they're papering over stagnant revenue with stock buybacks and massive leverage:
Going into the coming recession, the Federal government will be constrained on fiscal policy due to the exploding deficit.
Stocks will be priced accordingly.