offshore tax havens and transact your business on black markets? Russia continues to push its reserves up too. Ive seen claims that more than 50 percent of retirees do not fully control their retirement age. Take a look at this shot from the website m, and observe the preposterous herd behavior in real life: Fig.1: Various cryptocurrencies, ranked by how many people have been fooled. An Aside: Why should we listen to you, Mustache? Saudi power shifts were supposedly evident in 2014, but chess pieces started moving around the board quickly this year. Of the top 200 corporate pensions in the S P, 186 are underfunded to the tune of 382 billion (Figure 27). Here is one thats open for cleaning. Its worse than tulip bulbs. This is a known bug in our operating system, and we have designed some parts of our society to protect us against. Apparently none of these investors ever saw The Deer Hunter.
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The ratio of office and administrative workers to production workers rose out of all control. The next recession will start unnoticeably. It is no longer unexpected, and the pushback becomes an overwhelming force of nature that can run uncontrollably. This is cronyism of a higher order, not free-market capitalism. Buffetts favorite indicatormarket cap to GDPis double the historical mean ( vide bitcoin mining pc infra )what market analyst John Hussman calls historically offensive valuations.