Debt Rattle November 5 2016
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Harris&Ewing House-Capitol tunnel, Washington, DC Feb 3 1939 • S&P 500 Down For 9th Straight Day; Longest Losing Streak In 36 Years (R.) • FB, AMZN, N
[See the full post at: Debt Rattle November 5 2016]Just a reminder for those of a different POV;
Guy Fawkes-1605Remember, remember, the fifth of November, the gunpowder treason and plot; I know of no reason why the gunpowder treason should ever be forgot.
Who would enter into a deal with “It’s just business Donald?” This to me is reflective of the moral problem of the business world. It is one economists don’t, won’t or just can’t deal with. A fool and his money are soon parted. Behavioral economics knows exactly how you can be played and then be self condemning for your foolish losses. One problem is believing what you’ve been told. Boy Scouts and Girl Scouts, church going faithful people who were raised to value telling the truth, obeying the law and working hard, and have tried to teach their families the same, are not well suited for “It’s just business morality” because it is stealthy. “No risk, no gain” has been sold as the path to wealth, which is used to take money from the fools. Meanwhile, lawyers make sure the wealthy never have other than a paper loss that works for them. It isn’t a game everyone can play, the Financial Warlord. It is abetted by imperfect information. Entertainment is information? Perhaps a problem there. Too much green screen.
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