He’s just going to get people killed. But that’s ok he doesn’t give a shit anyways, so it’s moot. What are a few thousand dead peasants when we could make big stock number go up?
He’s just going to get people killed. But that’s ok he doesn’t give a shit anyways, so it’s moot. What are a few thousand dead peasants when we could make big stock number go up?
And? A lot of the big banking execs, and the rest of the billionaire class in general, seem to largely understand that we’re at the theoretical limit of “line goes up”. They’re happy to squeeze the last bit of juice out of the lemon before they retire to some bunker in New Zealand or whatever.
Long term thinking is dead in much of the corporate world. The focus isn’t on next year, it’s on next quarter if not next week. A market crash would be easily predictable for a lot of financial firms now - they know what to spot, and the housing crash in 08 showed them that they can jump out pretty scot-free no matter what.
I’m skeptical of this. I think they are disconnected from a few fairly fundamental realities. Do you have any links that might convince me otherwise?
The rest of it I agree with, but I don’t know if that’s relevant for their interpretation of market crashes, because I think they see them as internally driven… I might be wrong here though.