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1.9.2016 - financial Intelligence Report Bookmark

Truth Hurts

I’m going to get a bit more ugly in this letter than usual, but it seems that laying things out nicely, just doesn’t have the same impact as some real high level ranting.  So first I want to post a couple paragraphs from Bill Gross, who just posted up a letter named  “it’s a Xanax world’

The Romans gave their Plebian citizens a day at the Coliseum, and the French royalty gave the Bourgeoisie a piece of figurative “cake”, so it may be true to form that in the still prosperous developed economies of 2016, we provide Fantasy Sports, cellphone game apps, sexting, and fast food to appease the masses. Keep them occupied and distracted at all costs before they recognize that half of the U.S. population doesn’t go to work in the morning and that their real wages after conservatively calculated inflation have barely budged since the mid 1980’s. Confuse them with demagogic and religious oriented political candidates to believe that tomorrow will be a better day and hope that Ferguson, Missouri and its lookalikes will fade to the second page or whatever it’s called these days in new-age media.

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