Financial engineers have taken over; actual engineers are relegated to an expense category that must be cut.
“We run carelessly to the precipice after we have put up a façade to prevent ourselves from seeing it.”
Subprime giveth, subprime taketh away.
The tide may well be subtly turning against Monsanto and its fellow GMO oligopolies and in favor of independent food growers and consumers.
The price of market manipulation keeps dropping.
With fundamentals and economic realities having become totally irrelevant these days, economists are reassigned to tout stocks.
After 11 straight quarters of declining sales, they tick up for the wrong reason, and net profit plunges nearly 30%. But no problem. “I’m very pleased with the progress we’ve made,” bragged CEO Meg Whitman.
Oil markets were dominated by Morgan Stanley, Goldman Sachs, JP Morgan, and other investment banks with their own proprietary trading operations and an army of participants on both sides of the trade. But now they’ve abandoned the oil market.
The good folks with more than $10,000 in the market have spoken.
The same people who almost destroyed the global economy with their financial toxins and who corrupted the basic pricing mechanism of just about every commodity market will be entrusted to determine the price of the water.