Posted 6 years ago on July 7, 2013, 11:50 p.m. EST by AntiPoverty
This content is user submitted and not an official statement
So many economists, financial experts, investment firms, all see the same thing. Problems that should bring asset prices down. Things that would normally cause economic downturn. But they have been disappointed for the last 3 years, waiting for the consequences. Are they all crazy? I mean... they see indicators, they look for reasons why things aren't making sense. It's just that, well... nobody can put their finger on it. You know, "it!". That thing that would explain the markets working outside what they learned in school, throughout their professional careers. So what is it? This is the question I am stuck with myself. I have no doubt the Piper will be paid, he always gets his in the end. I'm just curious what is holding together a financial sector that doesn't have the revenue to justify it's gains. Looking at the earnings and revenue revisions for each quarter over the last 2 years, you can see they are actually in decline, from commodities to tech, ect...
I suspect that with a decline bigger than the Great Depression, we will see an equally huge fraud scandal unfold. I hate to sound like a nutter but there is no way to hide this without the help of the media and our governments. Maybe this is what Michael Hastings from CBS was on to. It sounded absurd to me when I first heard it and it still sounds so over the top, but it's actually far more believable than the record profits on WallSt while every quarter they claim gain and revisions show loss.
Is it worth losing the faith of the American people, to support a handful of stuffy rich assholes?
Lulzsec finds link between Chamber of Commerce and defense contractors.