Even though this giant bubble of false economic stability that we are currently enjoying has lasted far longer than it should have, the truth is that nothing has changed about the long-term economic outlook at all.
"I wrote this note because I am so effin’ tired of being called a racist or a sexist because I don’t think that Donald Trump is evil incarnate... I think Trump is a narcissist and an ass, not a Fascist. Like most people in the financial services world, I deal with narcissists and asses every day … they’re not Hitler clones because the only thing they’re really true-believers about is their own self-aggrandizement."
It is unfortunate that so many have forgotten what “investing” actually means. Given that investors have piled into the market since the beginning of the year, the question simply becomes who is doing the selling?
Perhaps it is the last hurrah of the Trump post-election euphoria but according to Gallup there were two notable development in February: consumer spending hit the highest since 2008, while economic confidence was the highest on record.
"Rights aren’t rights if someone can take them away. They’re privileges. That’s all we’ve ever had in this country, is a bill of temporary privileges. And if you read the news even badly, you know that every year the list gets shorter and shorter..."
"Watch the liberals. Listen to what they say, because their lies and their slanders are a road map to their plans for the future. Straightforward from here, given the chance, they absolutely intend to impose the kind of quasi-fascist rule they falsely accuse Trump of contemplating. But their problem is that we now recognize their lies, and we see their endgame, and the collapse of the media gatekeepers means they can no longer keep us blind and isolated. "
This is what happens when societies (and individuals) can’t face the true quandaries of a particular moment in their history. All of their attention gets channeled into fantasy: spooks, sexual freakery, conspiracies, persecution narratives, savior fairy tales. It’s been quite a cavalcade of unreality for the past six months, with great entertainment value for connoisseurs of the bizarre - until you’re reminded that the fate of the nation is at stake.
With sales slumping because of the new Philadelphia sweetened beverage tax, bottling giant Pepsi said it will fire 80 to 100 workers, or about 20% of its total employees in the city. The layoffs come in response to the beverage tax, which has cut sales by 40% in the city.