The end is nigh for stockbrokers — the Wall $treet crooks who rig the system using credit default swaps, derivatives and other complex “financial instruments” that only a very few Wall $treet IT guys understand (along with Elizabeth Warren, former professor of financial law at Harvard Law School and one of the few who actually understands this stuff), that they use to bet against their investors, corner the profits, use program trading systems that process thousands of transactions per second to beat the system, and make HUNDREDS OF BILLIONS while producing ZERO actual wealth to the system.
The end is nigh for stockbrokers and Wall $treet because a new sheriff comes to town tomorrow (Thursday, Jan 3), with a new team of deputies, all with investigative and subpoena powers and they are going to put a halt to the REDISTRIBUTION of wealth from working people who produce it to the few richest elites who already have the most and who manipulate the resources and markets, game the system, produce no actual wealth, but keep most of it for themselves.
A Democrat steps in, saves the economy from utter RepubliCON collapse, turns it around into economic prosperity. New RepubliCONs come along, ride the momentum of the prosperity for awhile as the lagging economic indicators are slow to turn around the massive economic ship of state, until the iceberg of greed by those who want to REDISTRIBUTE wealth produced by working people to the few richest elites who already have the most is struck, and their titanic pyramid scheme collapses.
1929, 2007 … 2019 — “Those who cannot learn from history are doomed to repeat it.” (George Santayana)Unfortunately, if there are enough who do not learn, those of us who did learn are also forced to repeat it with them, and it is even worse, because we know how the story ends.
“There are those who believe that if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them.” – William Jennings Bryan, 1896
It just goes to show, if one has eyes, that rich people don’t create jobs. Jobs create rich people.
Back when I delivered newspapers, I worked with someone else who delivered newspapers. He was a commodity broker. Apparently, his investment skills were not that impressive. He lost money.
No fear. USA will pass their bankrupt to its allies, like they did some years ago. Or will sell some of its debt to China, if they are still interested. Add some “peacekeeping” war in some faraway thirld war Country (possibly very pooor and defenseless) and possibly a couple of nice “terroristic” attacks by some loonie shouting “Allah akbar”, the Bronx accent is not important.As they say, business as usual.
The prosperity of the stock market during the Trump years is due to Trump personally. It’s collapse is the fault of the Democrats. This changes from day to day.
The stock market chart is on a spindle. It rotates in response to the winds out of D.C. The speed of rotation is in direct proportion to the fear flowing out of the market centers. Market and hedge fund managers chum the flow to keep those fees based funds in motion. Whatever the outcome, the 1% won’t suffer.
Don’t you guys realize that this downturn is the reaction to the Democrats gaining control of just one house of Congress? Likewise, the last surge in the US economy started the morning after Trump won the election, with Republicans in control of both houses of Congress.
Actually, it’s the liberals who want to do the redistributing. The idea that the wealthy are stealing from the rest is a socialist myth. Actually, it is they who pay 50% of the taxes in this country so that the lower half of the people don’t pay anything.
Dream on, they don’t care about the common man either they’re just a bunch of con men who pay lip service to the disenfranchised in order to get their votes. They all either serve those that have made them rich or that can make them rich. Things will always be status quo until we the people stop voting for the same self serving career liars that permeate politics.
Gee, all I’m getting from my stockbroker is chirpy little notes about how the market has ALWAYS been volatile, and I have to hang in there. And for gawd’s sake, don’t sell, because then he won’t get his 3% commission. . .
One moderating effect (like the cadmium rods in atomic power plants) would be a very small transaction tax — just 0.01% of the value of every stock deal. It would represent a nice source of income for the government and provide some viscosity in the speed of all those computerized stock trades.
The saner economists and financial analysts noticed the conditions for the coming crash a whole year ago, when corporations were plowing their tax giveaway into stock buybacks. The market has been down for the last year, and increasingly volatile. We have seen this movie before.
So naive. There’s no difference in sheriffs, in fact, the ‘new’ sheriffs’ party was in control of both houses and the presidency during the 110th & 11th Congresses (2007-2011), directly after the 2008 wall street crash. If they’d have wanted to do so, they could’ve ‘ended’ it then.
Well, here we are in June, and the market growth is the best this month since 1938; how’s that doomsday propaganda working out for you Bob? My portfolio is up 40% since Trump. Does reality ever enter into your world view?
in.amongst over 5 years ago
Deary me – time to get the House in order.
DD Wiz Premium Member over 5 years ago
The end is nigh for stockbrokers — the Wall $treet crooks who rig the system using credit default swaps, derivatives and other complex “financial instruments” that only a very few Wall $treet IT guys understand (along with Elizabeth Warren, former professor of financial law at Harvard Law School and one of the few who actually understands this stuff), that they use to bet against their investors, corner the profits, use program trading systems that process thousands of transactions per second to beat the system, and make HUNDREDS OF BILLIONS while producing ZERO actual wealth to the system.
The end is nigh for stockbrokers and Wall $treet because a new sheriff comes to town tomorrow (Thursday, Jan 3), with a new team of deputies, all with investigative and subpoena powers and they are going to put a halt to the REDISTRIBUTION of wealth from working people who produce it to the few richest elites who already have the most and who manipulate the resources and markets, game the system, produce no actual wealth, but keep most of it for themselves.
Bilan over 5 years ago
The Twig & Berries?
Are they abandoning dear ole Mom?
somebodyshort over 5 years ago
A Democrat steps in, saves the economy from utter RepubliCON collapse, turns it around into economic prosperity. New RepubliCONs come along, ride the momentum of the prosperity for awhile as the lagging economic indicators are slow to turn around the massive economic ship of state, until the iceberg of greed by those who want to REDISTRIBUTE wealth produced by working people to the few richest elites who already have the most is struck, and their titanic pyramid scheme collapses.
somebodyshort over 5 years ago
1929, 2007 … 2019 — “Those who cannot learn from history are doomed to repeat it.” (George Santayana)Unfortunately, if there are enough who do not learn, those of us who did learn are also forced to repeat it with them, and it is even worse, because we know how the story ends.
somebodyshort over 5 years ago
“There are those who believe that if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them.” – William Jennings Bryan, 1896
It just goes to show, if one has eyes, that rich people don’t create jobs. Jobs create rich people.
somebodyshort over 5 years ago
Time to have another DRINK ! ! !
sirbadger over 5 years ago
Back when I delivered newspapers, I worked with someone else who delivered newspapers. He was a commodity broker. Apparently, his investment skills were not that impressive. He lost money.
PekCheeYong over 5 years ago
there seems to be a lot of “the end is nigh” quotes in the strip recently.
dadoctah over 5 years ago
This is a plot twist?
albertonencioni over 5 years ago
No fear. USA will pass their bankrupt to its allies, like they did some years ago. Or will sell some of its debt to China, if they are still interested. Add some “peacekeeping” war in some faraway thirld war Country (possibly very pooor and defenseless) and possibly a couple of nice “terroristic” attacks by some loonie shouting “Allah akbar”, the Bronx accent is not important.As they say, business as usual.
MayCauseBurns over 5 years ago
Jeez lighten up….it’s a comic strip!
DanFlak over 5 years ago
The prosperity of the stock market during the Trump years is due to Trump personally. It’s collapse is the fault of the Democrats. This changes from day to day.
sandpiper over 5 years ago
The stock market chart is on a spindle. It rotates in response to the winds out of D.C. The speed of rotation is in direct proportion to the fear flowing out of the market centers. Market and hedge fund managers chum the flow to keep those fees based funds in motion. Whatever the outcome, the 1% won’t suffer.
Masterskrain Premium Member over 5 years ago
But…but…but… Captain Bankruptcy, king of the shutdown, Tweets that we are ALL supposed to “Calm Down and Enjoy the Ride!”
magicwalnut Premium Member over 5 years ago
Not only did the stock market tank, but my broker/financial advisor of thirty five years just retired! Oy!
asmbeers over 5 years ago
Dow, going up and down and up again. However, its down is still higher than Obama’s highest.
markmoss1 over 5 years ago
Don’t you guys realize that this downturn is the reaction to the Democrats gaining control of just one house of Congress? Likewise, the last surge in the US economy started the morning after Trump won the election, with Republicans in control of both houses of Congress.
dennisodoyle over 5 years ago
Actually, it’s the liberals who want to do the redistributing. The idea that the wealthy are stealing from the rest is a socialist myth. Actually, it is they who pay 50% of the taxes in this country so that the lower half of the people don’t pay anything.
Lyle F'tore over 5 years ago
“The Twig and Berries” nice.
Neat '33 over 5 years ago
Um; the end WAS nigh for a lot of those NFL coaches last week, huh?
somebodyshort over 5 years ago
“The Twig and Berries”.Nice reference Wiley. I wonder how many get it
GAKatmandu over 5 years ago
Dream on, they don’t care about the common man either they’re just a bunch of con men who pay lip service to the disenfranchised in order to get their votes. They all either serve those that have made them rich or that can make them rich. Things will always be status quo until we the people stop voting for the same self serving career liars that permeate politics.
1953Baby over 5 years ago
Gee, all I’m getting from my stockbroker is chirpy little notes about how the market has ALWAYS been volatile, and I have to hang in there. And for gawd’s sake, don’t sell, because then he won’t get his 3% commission. . .
Richard S Russell Premium Member over 5 years ago
One moderating effect (like the cadmium rods in atomic power plants) would be a very small transaction tax — just 0.01% of the value of every stock deal. It would represent a nice source of income for the government and provide some viscosity in the speed of all those computerized stock trades.
And So It Goes over 5 years ago
On a lighter side – have you noticed how much Bob resembles Tricky Dicky Nixon?
Mokurai over 5 years ago
The saner economists and financial analysts noticed the conditions for the coming crash a whole year ago, when corporations were plowing their tax giveaway into stock buybacks. The market has been down for the last year, and increasingly volatile. We have seen this movie before.
Stock market bubble: Fake News? https://www.dailykos.com/stories/2018/1/23/1734905/-Stock-market-bubble-Fake-News
algorestinks over 5 years ago
So naive. There’s no difference in sheriffs, in fact, the ‘new’ sheriffs’ party was in control of both houses and the presidency during the 110th & 11th Congresses (2007-2011), directly after the 2008 wall street crash. If they’d have wanted to do so, they could’ve ‘ended’ it then.
bakana over 5 years ago
Vampire Economics only works until the Victim runs out of Blood/Money and Dies.
RonBerg13 Premium Member over 5 years ago
Boy, you leftists really want the economy to tank so badly.
Just to get one person… my, my…
gsteele531 almost 5 years ago
Well, here we are in June, and the market growth is the best this month since 1938; how’s that doomsday propaganda working out for you Bob? My portfolio is up 40% since Trump. Does reality ever enter into your world view?