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Somehow, Dow 9600 is supposed to be Red flashing on CNBS. Un-freaking believable. And somehow, Corporations managing carbon footprint, and ObamaScare are supposed to be V!ctory for the BULLs! More material for LIESman.
Either ZH is more popular than Twitter or the bankster bonuses are starting to trickle down
Hamptons Home Prices Climb 12% as Luxury Sales Rise
all that reduced buying of luxury goods has to go somewhere.
Central-planning without the planning.
It's central-planning lite for a new generation of citizen; more hand-waving, fewer requirements, and less actual management than your old government! Now with improved lobbyist access! They haven't made government like this since the fall of Rome!
Who knew the government was the source of all wealth? RIP, Adam Smith, RIP.
When the barbarians finally broke down the gates of Rome, they found that most of the city had already been looted by the Roman ruling class.
Today we do it by exchanging private debt for public money/bailout. Maybe a bit more sophisticated than the methods employed by the Romans but if it was good enough for the Romans it should be good enough for the Americans, wouldn't you say?
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