The End is Near: We Just Enjoyed the Last Christmas in America

[mai]

Aeolus451 said:

mai said:

Reading past the topic title in, I assume, your native language is such an impossible feat?

Well,  actually I skimmed through it. I also skimmed through the source. The Title "The End is Near: We just enjoyed the last christmas in america" is a flatout lie or just plain ol' click bait. Since the title implied that this is a The end thread, I just played right along with it. The same could be said of the article itself.

Yes it is, Captain Obvious. The article by itself is not about Christmases though, the core quote of the article.

Borrowed money and phony financial legerdemain (mortgage-backed securities, derivatives based on the MBS, etc. etc.) from 2000-2007 created what I have termed a "bogus prosperity": no actual new productive wealth was created, only a brief and self-liquidating bubble of debt-based housing and stock valuations.

Today it's 2008-2009 all over again, except MBS have been replaced by a mountain of shale oil and gas derivatives.