When Idiocy Becomes Hardwired

Guest Post by Jeff Thomas via International Man

Millennials

At this point, virtually all of us over the age of forty have encountered enough “snowflakes” (those Millennials who have a meltdown if anything they say or believe is challenged) to understand that, increasingly, young people are being systemically coddled to the point that they cannot cope with their “reality” being questioned.

The post-war baby boomers were the first “spoiled” generation, with tens of millions of children raised under the concept that, “I don’t want my children to have to experience the hardships that I faced growing up.”

Those jurisdictions that prospered most (the EU, US, Canada, etc.) were, not coincidentally, the ones where this form of childrearing became most prevalent.

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Chart Of The Day: It’s Worse Than 2000!

Tyler Durden's picture

All too often investors are bombarded with bullshit presented as facts by talking heads in constant denial and forever protecting their commissions – as opposed to protecting their client’s interests. One notable case in point is the “it’s different this time” meme surrounding IPOs and their apparent ‘realness’ in the current new normal vs the 199/2000 dotcom boom/bust. As the following chart shows: yes, this time is different – there has never, ever, been a greater percentage of unprofitable companies IPOing…

 

h/t @Lach1435

So, talking head bullshit or fact-based data? You decide…

 

Source: Sentimentrader.com