Not for the elites.
I’m surprised zerohedge threads are still allowed here. They’re the global warmists of the financial world
Gosh Golly Gee.. Ms. Lorianne.
Dis wealth redistribution sure is a tricky thing..
Ugh. When do I get sum?
OH wait.. I am not a liberal.
I predict a return to agrarianism. Anyone with enough land will be able to eat.
“The long-term consequences of global QE are likely to permanently impair living standards for generations to come while creating a false illusion of reviving prosperity.”
I guess that is what Charlie Munger was referring to the other day.
Generations of poor growth?
No, about 8-10 more years of it.
ZeroHedge sees a lot of things, but overreacts to almost all of them. There are nuggets to be mined, but like gold, one must sort through a lot of useless material to win a prize.
ZH also has a lot of unresolved conflicts in the lines of thought that prevail at the site. As alluded to in the article, the people saying “generations” have been vilified as evil conspirators spreading evil and stealing wealth for years. But, let them say one thing with which the “Tylers” agree, and they are golden.
This is done often at ZH. My favorite is when they use charts from the “manipulated” stock market to show this, that and the other.
How do you analyze the charts of a manipulated market? Any analysis is meaningless as it’s not a real market and the usual rules don’t apply. But that doesn’t them from arguing ‘manipulation’, ‘rigged’ and “look what this chart proves!” right on the same page.
ZH is also prone to follow static model fallacies. The Tylers and the commenters have a hard time envisioning reactions to events, and just assume things will proceed in a linear fashion.
But, some of the articles are worth a read as there is some good information available if one discounts the hair on fire stuff.
The 10s of millions on disability with their bad backs, jake legs and little neuroses are about to learn what disability really means.