Naturally the title is a double entendre, taking into account the wonton thievery taking place in that God forsaken city.
Bear in mind, the people are going ape after someone that no one knew got killed by the cops, yes? I know, the gross injustice of the white police, conspiring against an up and coming minority prison class, is almost too much to bear. As such, riots ensue and CVS is lit aflame.
This is all exceedingly boolish for the markets.
Let me explain to you why, with a question.
If these people are going ape now, over this, what do you think they will do when all of their money is gone, wiped out by fucked up banks or defunct pension funds? What happens when Bernie Maddoff escapes from prison and clown rapes their 401k plans? Because, whether you know it or not, that’s the end game, mate. There isn’t a “happy middle” with 19 fucking trillion in debt. We either give zero fucks and jack this fucker up to Dow 50,000 or let the whole house of cards fall and permit all major American cities to be torched by an indigenous underclass.
What do you think is the most likely outcome?
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so let me get this straight dow 50,000 is going to stave off riots because the poor will benefit from the rich getting richer?
If you could read on a higher level than 6th grade, you’d know I said we either go much higher or totally collapse. There isn’t a second option.
An extremely sad situation in Baltimore. There is still no understanding why the police pursued the man on bicycle in the first place? We are now in an Extreme Environment – i got your point.
I’ve been thinking this from an outlandish standpoint not market related. Many rely on EBT, what happens when that gets restricted if it does. Freeloaders get upset, there are many of those, riots erupt. Look at $15/hr minimum wages now and that’s from people that work. Imagine people that don’t work that get benefits cut…I love chaos & mayhem.
Two words. The Wire.
Maybe not tomorrow or the next day but it is going to burn
Good insight. I didn’t think of your perspective in that way before, but you really nailed it. Investing should be more progressive despite the influx of cheap cash and wanton spending. Good buys might fuel larger tech bubbles which will launch us into space. Only time will tell if Fly’s logic holds true. You should write a book about it.
This very point has been discussed here many times before. The Fly is pointing out the obvious, it’s astounding that some may not get it.
The vast middle and lower classes will riot if this thing collapses. Not just the inner cities, but suburban neighborhoods.
The wealthy class prefers to stay wealthy and keep the lower classes content with bread and circus.
Imagine if simply ATM machines stopped working.
It’s like the hunger games
I can’t believe you said that…i’ve thought that but shut it down immediately.
Quite a wide range of music you like…Helen Forrest was post depression era – a risk adverse time I thought? Btw – I loved the song.
If you saw my iTunes library you’d think I had multiple personality disorder. Actually, you probably think that anyway.
it would appear local PD’s across the nation are determined to force us all into the class/race war.
So zerohedge, Fly.
The rich have the privilege of investing their assets with inflation and preserving wealth. The poor get less with their food stamps and social services. The fed will do everything in their power to reflate, regardless if it works or not.