These guys can’t hit the target so they decide to move the target. Assholes.
robert h siddell jr
September 9, 2015 11:59 pm
The Elite borrower at less than 1% and are buying America lock, stock and barrel so the rest of us will become their slaves.
Guy
September 10, 2015 7:41 am
Interesting theory robert, I never thought about it that way, but it makes sense. Drive up asset prices to the point where the middle class can’t afford it. Push down interest rates so the elites can get free money to buy assets and rent them to the middle and lower classes. Push student loans, auto loans, mortgage loans, credit card loans on everyone else, turning people into debt serfs tied to the banking system for life. Import third world labor to undermine the wages of the middle class.
I think the oligarchs did something similar to Russia after the fall of the USSR.
Administrator
Author
September 10, 2015 9:17 am
The Tepper Top: Appaloosa Founder’s Bullishness Fizzles
Submitted by Tyler Durden on 09/10/2015 – 08:57
“The 17-year river [of reserve currency buildup and QE around the world] is no longer flowing,” warns Appaloosa’s David Tepper, and “turbulence” is now the norm. VIX 22 is too low – “expect surging volatility”, 18x PE is too high – “margins are set to drop – I have problems with earnings growth and problems with multiples”
Simply put – “Flat stocks is not a bad place to be…unless central banks are on our side again, then every rally should be sold.”
Stop the Iran Deal !!!!
These guys can’t hit the target so they decide to move the target. Assholes.
The Elite borrower at less than 1% and are buying America lock, stock and barrel so the rest of us will become their slaves.
Interesting theory robert, I never thought about it that way, but it makes sense. Drive up asset prices to the point where the middle class can’t afford it. Push down interest rates so the elites can get free money to buy assets and rent them to the middle and lower classes. Push student loans, auto loans, mortgage loans, credit card loans on everyone else, turning people into debt serfs tied to the banking system for life. Import third world labor to undermine the wages of the middle class.
I think the oligarchs did something similar to Russia after the fall of the USSR.
The Tepper Top: Appaloosa Founder’s Bullishness Fizzles
Submitted by Tyler Durden on 09/10/2015 – 08:57
“The 17-year river [of reserve currency buildup and QE around the world] is no longer flowing,” warns Appaloosa’s David Tepper, and “turbulence” is now the norm. VIX 22 is too low – “expect surging volatility”, 18x PE is too high – “margins are set to drop – I have problems with earnings growth and problems with multiples”
Simply put – “Flat stocks is not a bad place to be…unless central banks are on our side again, then every rally should be sold.”