iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,336 Blog Posts

The Signs Are Everywhere — Don’t Be Afraid to Look

You don’t need to look very far to know modern society has gotten piggishly fat and decadent.

We’ve become caricatures of spendthrifts and booze-hounds tripping over each other in grandiloquent manners to disgrace ourselves.

The signs of late stage narcissism and carelessness are everywhere.

How long do you think this can last?

Apple’s new stupid computer, now fetching for $60k.

And you think this makes you better?

When the Fed stops jerking off the markets dick — what will become of us?

While you sit there enjoying that fresh glass of chardonnay, some middle earth’d pleb is in an Amazon slave cage factory loading boxes onto the heads of his peers.

We keep borrowing because there aren’t any negative ramifications.

And then you wonder why we’re at record highs.

Best.economy.ever!

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11 comments

  1. soupbone

    thank-you for pounding that into my head. now what do we do about it?

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  2. juice

    Add to all that, the criminals at SBUX are incentivizing the CEO with a $50 millsky payday if SBUX stock performance beats 80% of other stocks in the S&P over a 3 year period, as if his current $16 mill yearly payday wasn’t enough for him to do his best.

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    • ferd

      A good honest public dollar figure. As a pioneer in options self-granting and buybacks, it is nice to see the formally lactating-with-empathy, “chief coffee roaster” come out.

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  3. calculater

    It’s because moral hazard has been completely thrown out the window. There’s absolutely no consequences anymore.

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    • it is showtime

      That state-of-affairs started as a trend in the prior decade.
      Which I started espousing then [prior decade].
      This blogpost is a conceptual replica of everything that I

      ever
      said

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  4. maxx2000

    Gentlemen, gentlemen. Everyone please get hold of yourself. If I want doom porn, I’m perfectly capable of looking up Zerohedge. Jeez give me a fucking break, everyone is acting like they never heard of Caligula or something. Can we please return to being men of honour at this site? Thank you, good evening and carry on.

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  5. acehood

    My God if you clowns had your way we’d be back on the gold standard.

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  6. jbandy

    Here’s the bottom-line–this will end badly but it will be many years before the powers that be literally run out of ways to kick the can down the road. In the meantime, enjoy the tremendous equity gains that are to be had.

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