Mass delusion

Message:

An example given is Tesla. It is hemorrhaging money, and in any healthy economic environment, would be forced to shut its doors and declare bankruptcy. Its entire existence depends upon the delusion of the crowds who think that this company has something to offer.

Published on Zero Hedge (http://www.zerohedge.com)

Home > Wall Street Is One Sick Puppy

---

Wall Street Is One Sick Puppy

By Tyler Durden

Created 05/09/2015 - 15:40

In welfare state America its virtually certain that through one artifice or another taxes will go up and the national debt burden will rise to crushing heights in order to keep the baby boomers' entitlements funded. While Keynesians and Wall Street stock peddlers are clueless about the implications of this - it actually doesn't take too much common sense to get the drift. Namely, under a long-term path of fewer producers, higher taxes and more public debt, the prospects for rejuvenating the previous historically average rates of real output growth are somewhere between slim and none - to say nothing of the super-normal rates implied by the markets' current bullish enthusiasm.

---

Source URL: http://www.zerohedge.com/news/2015-05-09/wall-street-one-sick-puppy