Saturday, September 07, 2019
Not very effective
Via ZH, an all-consuming graph that SHOULD debunk all the TV and radio shows about finance, and all advice from "economic" "experts". The TV shows and "experts" tell us to BUY BUY BUY BUY BUY BUY BUY.
Since 2008, almost everyone has been RATIONALLY AND SANELY giving up on the satan market. Foreign governments have continued buying at a fairly low level. Households have been steadily leaving the satan market, and insurers and pensions are moving out fast.
Only the corporations themselves are buying their own satan shares, and the buying is increasing exponentially.
This is not a market at all. It's pure crime. Self-buying used to be illegal.
The good part: All of those TV and radio shows and "economists" are not very effective. They haven't reversed the trend toward sanity.
At some point the buyback technique will stop working. The execs can't be expecting to cash out their bought-in shares; they know that selling a huge block will zero the "value". They must be counting on the TV and radio and "economists" to maintain the illusion of a real market, so the board will continue to raise the CEO's annual pay to reflect the fake "value". Or maybe they're just counting on the blackmail files they hold against board members.
Since 2008, almost everyone has been RATIONALLY AND SANELY giving up on the satan market. Foreign governments have continued buying at a fairly low level. Households have been steadily leaving the satan market, and insurers and pensions are moving out fast.
Only the corporations themselves are buying their own satan shares, and the buying is increasing exponentially.
This is not a market at all. It's pure crime. Self-buying used to be illegal.
The good part: All of those TV and radio shows and "economists" are not very effective. They haven't reversed the trend toward sanity.
At some point the buyback technique will stop working. The execs can't be expecting to cash out their bought-in shares; they know that selling a huge block will zero the "value". They must be counting on the TV and radio and "economists" to maintain the illusion of a real market, so the board will continue to raise the CEO's annual pay to reflect the fake "value". Or maybe they're just counting on the blackmail files they hold against board members.Labels: infinite infinite infinite infinite infinite infinite infinite lunacy, SES
¶ 1:13 AM
