Four years ago today, Lehman Bros filed for bankruptcy protection...
For some of us, it was beginning of the end of the world as we watched in horror the stunning series of events that culminated thereafter as that moment changed the financial landscape of the entire world forever... Our portfolios, our pension plans, and our retirement futures were going to $00.00 and if you weren't already fucking dead, you wished you were...
For the rest of you dickless vagabonds living in homeless man tents eating beans and lard from a fucking can, it was just another Monday....you went to work, sucked dick for overtime, then carried on with your rakish lifestyle of checking and re-checking the Real Estate Weekly Guide to see if your home went up another 3 bucks in a week...
We've come a long way since the Lehman moment: The DOW is closing in on all time highs again and investors are feeling pretty fucking good about themselves.
This is the time of year when main stream media likes to take stock of things and reflect back and ask such fucktarded socio-economic populist questions: Are you better off now than you were four years ago?
Abso-fucking-lutely.
AAPL is at all time highs with everyone and their dog maxing out their Visas to smother their unwashed naked bodies with Apple products; Markets are Hershey-squirting the fuck higher, also teasing its all time highs and the Bearded Clam has got our backs, opening the cocaine spigots wide fucking open. As gentlemen, it is time once again to press our bets, spend money freely while publicly mocking the unemployed; in fact it is our duty... no, our God-given right to explore with irrational exhuberance the hidden realms of unchecked hedonism and gaudy decadence in glorious times such as these.
A great many of you may feel otherwise; those of you self-proclaimed knights in shining armour, superhero types, hell-bent on saving the world from moral decay and degeneracy; spouting off about the implications of eternal QE and the dreadful impact fighting egregious debt with more debt may have on our future generations.
"QE has never directly translated into more jobs, only higher prices for energy and food!!" "QE only helps the rich, the poor get poorer and the middle class gets wiped out.."
Yeah yeah, go Disney your ass somewhere else, you just don't get it. I used to think this way too but a great wise man once asked me, Does a gentleman making $500,000 per annum living in a 5000 sqft home give two fucks about $20 a gallon gas or $300 tomatoes? "The well to do represent more than 70% of consumer spending. They don't give a shit about gasoline prices, like the rest of you plebs. If gas was $20.00 per gallon, they'd still build 45,000 square foot mansions in Palm Beach."
"Now, I want you to think of the alternative to QE, my fucked faced friend"
Austerity. Deflation. Asset price depreciation. So what's wrong with that? We could use some lower prices?
So if a loaf of bread dropped to, let's say, 5 cents.. Would that be cheap enough for your piker ass?? The thing is, when you don't have that 5 cents to your name, that loaf of bread might as well be stuffed in a diamond encrusted solid gold bottle of Chateau Lafitte 1787 wrapped in a Siberian Sable fur coat driving a Bugatti Veyron Supersport with Marilyn Monroe naked in the backseat playing with an iPhone 5...
In 1933, a 20oz loaf a bread was 5 cents. Millions of people around the world went hungry because they had no money for food and the food was being rationed...
Yeah. Isn't it time you joined in the greatest cocaine gorilla party ever too?? Long live the Bernank and his POMO forever machines!
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