Dystopia 19

The Economic Collapse blog –

“Once upon a time, Americans generally treated one another with kindness, dignity and respect.
But now social decay is spreading like wildfire, and this country is rapidly becoming unrecognizable.” (more)

Clusterf*ck Nation –

“Thursday’s last minute 900-point turnaround was another marvelous stunt to behold. Somebody gave the drowned man a pair of swim fins to kick himself furiously to the surface for a gulp of air. The truth, of course, is that pension funds are sunk, however you balance their investment loads while they’re underwater. They over-bought stocks out of sheer desperation during ten years of near-ZIRP bond yields, and started rotating back into bonds as they crept above the ZIRP handle, and now with bond yields retreating, they’re loading up again on still-overpriced stocks that pretend to be “bargains.” Everybody knows that this will not end well for pension funds. Glug Glug” (more)

 

 

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