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It Really Is Different This Time: It's Worse
Another talking-head myth destroyed: there has never, ever, been a higher percentage of IPOs that are are unprofitable! It really is different this time, it's worse.
h/t @NorthmanTrader
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[pries at keyboard with small screwdriver, switches 'sell' and 'buy' buttons]
The health of the financial system is whatever you believe it to be.
4 charts that explain why the Fed should be very worried...and why now is the last opportunity to raise rates and claim mission accomplished ahead of the next economic downturn
http://econimica.blogspot.com/2015/08/maybe-this-is-what-fed-is-worried-about.html
Good post right up until you said this "There is no driver for increased demand and consumption." --
Sorry hambone, with 7+ billion people, and growing, all competing for a higher standard of living there is plenty of demand for the consumption of real resources.
Plenty of demand, not so much dinero...
FEES!!!!!!!!!
We have a financial system without an economy.
Now that money creation no longer requires any real collateral or real risk (thanks to bailouts), bankers and financiers are in fact nothing but useless overcompensated middlemen between the printer/computer (where money is created) and the producer/consumer in the real economy.
Fuck em, time to execute the fucking middleman.
The cart is in front of the horse.
Roll the guillotines Bitchez.
A cart full of oligarchs preventing economic progress.
Economic in terms of goods and services, not paper.
Just like the dotcom bubble where earnings were based on the projection of the mind in total greed state.
This market is a combination of that "exuberance" AND free money. What a fucking disaster this is.
Well the Dot.Com era is all the way back, so it's sunshine and rainbows forever...again......
I don't know how to make a profit either ... so maybe I should IPO myself immediately.
what does your app do?
Nevermind im interested. Here take my money.
Invest in mine, I created an app that harvests ZH downvotes and turns them into bitcoins. I make supportive comments about Obama, George Soros, and Victoria Nuland on each post here and have made a fortune.
"Invest in mine, I created an app that harvests ZH downvotes and.."
Ah! You work for Twitter!
Fonestar? Is that you?
This only becomes possible in times of absolute desparation.
Thanks to "mark to fantasy" accounting you can make your balance sheet look like whatever the fuck you want. Everything is awesome and as a "limited liability" person/corporation we can all do whatever the fuck we want to do...
tick tock motherfuckers...
When your basis of measurement is screwed up, every decision you make based on that measurement is screwed up.
Accounting is pretty fundamental to financial measurement.
Yes, however, in this case it is being done by design. fucking treason.
The red button is interest rates. Regardless of the real financial impact, pushing that button will set the dominos in motion.
TPTB will push the button at a time most convenient to their needs.
if u can't beat their arguement, sick ur DOJ on them (but not hillary, holder, etc.)
Rand Paul PAC officials indicted on federal chargeshttp://www.cnn.com/2015/08/05/politics/ron-paul-2012-campaign-officials-...
I don't know much about Rand Paul, but, that everyone seems to hate him - I like that a lot in a person. I still won't vote though.
Who cares about GAAP earnings....just report great NON-GAAP and be happy...
ZH needs to IPO. Oh thats right they can't, because then they would disclose who actually pays their bills.
Bob Iger & Ben Sherwood maybe?
Interesting Asian Ladies, last time I let the advertising through.
Third times a charm, up and out to a new paradigm. Embrace the meme and summon the top.
http://www.bloomberg.com/news/articles/2015-08-05/birinyi-says-you-can-t...
wow... guess it's time to dust off this classic: http://dilbert.com/strip/1999-01-14
it was written during the bubble before the bubble before the current bubble. shit! I'm only forty-frakin-five & I seriously just wrote that?!? well, at least I'm forty-frakin-five w/a paid off house, kids' college funded & enough savings to walk away if need be (mainly b/c I recognized/avoided the previous ones).
Oh yeah, and that latest POS IPO SoulCycle. What a fing joke that thing is. The one in Tribeca on the corner of West Street is full of Goldman trophy wives...they all have great bodies but skanky joo faces, every one of them dripping with hate for anything that even remotely rubs them the wrong way.
Stop the hate, everyone. You are just trans-earningsphobes.
But if you adjust "earnings" by removing all expenses and reclassify them as one time extraordinary charges - you all of a sudden are showing profits of almost $.01 a share
I know. I lost thousands of dollars on the Amplify IPO today.
Because I thought popcorn in a bag was going to be the next big thing.
Skinny Pop, Skinny Wallet.
Tesla Motors stock is getting it's ass handed to it right now after the earnings report. Everyone is selling off big companies after earnings because they know the end of the party is near.
The correction has already started. Pump and dump city, baby!
The next time you're in your Tesla ask SIRI if she does anal.
delicious. building my shorts as the partae continues