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"Investors are tripping over each other in catching the risk train," says Rosenberg. It's happening as insider selling gathers steam.
In 1995 - 1997 and 2004 - 2007, a high sell-to-buy ratio preceded market declines. Rosenberg wants positive confirmation before turning bullish. From his perspective, it's absent.
Global depressions have final say. Economic conditions reflect nothing positive. Western majorities experience extreme hardships. Class war targets them relentlessly. Wealth disparity extremes are unprecedented.
Faith-based economics failed. Ordinary people are held hostage. Debt peonage benefits an elite few. Austerity harms most others. Draconian harshness is prioritized.
Jobs, benefits, living standards, futures and economies are wrecked for profits. Institutionalized inequality is policy. It's hard imagining why people don't resist. The only solution is world revolution.
George Bernard Shaw once said " Democracy is a form of government that substitutes elections by the incompetent many for the appointment of the corrupt few." Western societies offer proof.
Obama governs to the right of George Bush. He wages war on humanity. He looted the nation's wealth. He wrecked the economy.
He sacrificed people needs and institutionalized tyranny. He presides over a bogus democracy under a repressive police state apparatus.
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