For today's motivational headline of the day we go to the WSJ, which reminds us that even though unprecedented corporate mergers which inevitably will lead to record corporate layoffs, pardon, synergies, there is a silver lining: "better living through layoffs [2]."
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The WSJ's article, which laments the lack of organic growth in America and where only (cheap debt-funded) mergers remain as a source of upside for shareholders, can be summarized as follows:
The argot of American business has been reduced to “sensible growth,” “dividend return” and “listening to shareholders.”
This is not an America playing to win. It’s an America playing not to lose.
Here is what "America playing not to lose" looks like when charted: 11 million "non-losing" waiters and bartenders.
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