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MANDATORY VIEWING: Professor Schoenholtz Describes the Deleterious Productivity Losses in America Under Obama

This is a must watch interview for those of you living with their ugly heads stuck inside cocaine tubes. Tom Keane discusses the unbelievable drop in U.S. productivity, explicitly accelerated through the expansion of globalism under the Obama regime. Professor Kim Schoenholtz, from NYU Stern School of Business, Donald Straszheim, Head of China at Evercore, and Gina Martin, Wells Fargo Equity Strategist, drops gems of knowledge on the fucking morons who drool over their teevee dinners, watching Bloomberg in the morning.

Plainly and without equivocation, the globalization of American industry will lead to a dystopian society, one wrought with Bernie Sanders protesters running about the avenues with their shirts off, lighting themselves on fire. The education system will be depleted and the jobs outlook will turn especially grim, as our big, giant, traitorous corporations seek the cheapest form of labor, effectively turning wide swaths of America into wasteland. On top of that, the government regulatory and tax situation is making matters, inexorably, worse.

It’s almost as if a foreign entity seized control of America and has been trying to slowly rot this country from the inside on purpose. It’s only by the grace of space alien magicians that we haven’t driven off the cliff yet, into the rocks and into a fucking nuclear death storm.

Productivity

Please understand there is a distinct difference between the actual economy and the stock market. The vast majority of companies in the S&P 500 derive profits and growth overseas and no longer represent the actual health and trends of the American economy.

Watch it all, through the end.

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27 comments

  1. zombie

    FIG

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  2. ironbird

    No worries. Josh Brown is fine with it. “Service” economy “Get over it”.

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  3. sia

    We are getting less advancement from technology? lol, no.
    Its easy money that is causing companies to do financial manipulation instead of investing in their own businesses.

    The only saving grace we have in this country is the work and gains that comes out of technology companies.

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  4. rahagar

    K-12 human capital among the worst in the world. Asshat liberals have spearheaded this demise. I know, lets elect more of the same, the outcome is bound to be different this time.

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    • riskonly

      Yea man, I don’t care for Reps or Dems. I want to hear someone say they are going to pump tons of money into education and change the way the education system functions as far as curriculum and style of delivering that curriculum.

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  5. riskonly

    Isn’t the real issue that we spent too much money on stock buybacks instead of Cap Ex? And now it is finally showing up in productivity?

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    • ironbird

      No. The issue is simple. Slave labor.

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    • it is showtime

      I love the -we- You mean GREEDY FUCKING WALLST. & Board of directors. & Colluding corporate execs (yeah don’t tell me there’s not some kind of unwritten agreement over the last few years WITH THE FED for everyone to have ‘strong’ buyback programs).

      We the public now that’s a different story except for some of us, the rest of us just look at floating stock prices and go oh that’s great without knowing DIPSHIT about what’s driving them

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    • kprice

      @riskonly Thought the same regarding Buybacks. Billions spent to beat low balled eps expectations. Little benefit besides pumping stock price and management pockets.

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  6. heckler

    I can do 50,000 calculations in the time it used to take to do 5. But I can’t do that math.

    The problem is what our culture values. Phat fucking Internet asses and bling. There’s no there there, and my clickbait ain’t loading fast enough so fuck it. Everyone is spinning in circles forking their tongues and eating their own snake tails. It’s barf.

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  7. sweetbillyv

    Why isn’t anyone talking about the ACA?? Companies waited for years to see what they’d get and we got shit…obvi!

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  8. john_galt

    It’s a gem. Somebody tweets this to the D.

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  9. john_galt

    it goes along wih what Icaan said the other day about generation tweet

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  10. it is showtime

    “It’s almost as if a foreign entity seized control of America and has been trying to slowly rot this country from the inside on purpose”
    Almost if? Peardone?
    Those yelling one world government, shadow globalist takeover, usurped or hijacked administration starting 5 oh ok 6 years ago, real nutjobs.

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  11. jsal56

    The Asshats at Bloomberg had Dougie Cass on this morning predicting Trump would drop out of the race to save his brand- desperation smells worst in the morning.

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  12. henceforth

    ISIS is the love child of Barry 0 and HRC. And, just like an episode of Maury, the father is denying any responsibility.

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