Friday, May 12, 2017

"Real" Economy?

I write about it all the time--the virtual world of Wall Street "Economy" and of bizarre and detached from reality world of indexes. Well, it turned out that this year the number of the so called "indices" surpassed the number of... stocks themselves. Talk about living in a parallel universe. 

Here is Bloomberg's graph, LOL:

But don't worry, Wall Street "analysts" will find a completely rational explanation to this absurdity. Do you smell fraud? I do.

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