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Saturday, November 22, 2008

Economic Gangbang

Here’s what has been really going on with the economy over the past several months:A critical mass of individuals has assembled a trading block that appears on the surface to be unrelated. In fact it is a highly integrated and coordinated effort. Colle

Posted on Sat, Nov 22, 2008 at 4:37 PM

Published November 22, 2008.Economic Gangbang

Here’s what has been really going on with the economy over the past several months:

A critical mass of individuals has assembled a trading block that appears on the surface to be unrelated. In fact it is a highly integrated and coordinated effort. Collectively they sold short the entire market. Short-selling for those who may not know, is selling a share you don’t own, then buying it back at a lower price. (Great way to make cash from no cash in a declining market)…

Anyway as they rolled over their investments, they shorted them again and again until there was nothing left. Now that the market has finally arrived at rock bottom, has fully collapsed, and is a black hole of financial ruin circling the shit bowl of life otherwise known as the North American economy, they will go back into the market and run it back up again.

Don't say you weren't warned.

Mauzee Tongue

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