Financial Fridays: The Stock Market is Bullshit
James Altucher
1604

Its a jungle out there!

For 30+ years, Western countries have been papering over the decline in living standards by issuing debt. In its simplest rendering, sovereign nations spent more than they could collect in taxes, so they issued debt (borrowed money) to fund their various welfare schemes. Yeap its a jungle out there!

Out from one jungle and into another! Its a jungle out there!

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