You need to work on that line of reasoning Candor.
Participants out of necessity in the market are not to blame for the ill chosen decisions of market makers. Increasing misery indexes are a bellwether of increased populist and socialist social and political movements. People start making rationalisations that bring them to the audacity of hope, hope that during the next bubble they aren’t the one’s left holding the bag.
well put...
“Increasing misery indexes are a bellwether of increased populist and socialist social and political movements.”
Misery indexes are more pap spewed out by the leftist press, whose agenda is to destroy the free market and give us collectivism. Just because a liberal engineers a a piece of propaganda and dresses it in the cloak of “business” is no reason for us to believe it.
The misery is located in the hellholes run by liberals and their policies of crushing fascist bureaucracy, the massive theft of money from productive areas and its redistribution to leftist welfare cities and the hostile attitude toward business.
Michigan is a good example. Everything here is dead or dying. The biggest export in this socialist/welfare state is productive citizens by the hundreds of thousands and young people (the future).
Last week a Michigan citizen was selling nine homes in Saginaw for an opening bid of $1,000 on ebay. You could become an instant slum landlord and pile in Section 8 renters and illegals.
The people suffering misery are those trying to make a living in liberal hellholes.
If nobama is elected we will all be living in Michigan.