ZH: Second Largest Risk Inflows In History
Now that everyone else has gone under the bus to make the quarter, the psychopaths are left to duel it out. This should be very interesting. Because in their finely honed game of zero sum economic survival the ONLY thing that ever matters is that someone else is going under the bus next. Picture a society run by Ivy League frat boys with the psychological profile of Jim Jones and you get the idea of who is running this latent disaster right now. The status quo requires a relentless body count, so now they're cutting deep into their own numbers as the "quaint" concept of active financial management has been obliterated in this cycle in favour of algorithmic trading aka. Skynet, and passive investing via ETFs. The economy itself stopped mattering a long time ago, duly supplanted by Central Bank monetary expansion, global ponzi borrowing, and casino gambling. This entire "system" by the way makes perfect sense when taken with massive doses of Prozac or other preferred reality-altering substance.
The Nasdaq rolled over last week
Shopping center REITs — those that operate open-air strip centers, where retailers are arranged in a row and often around a traditional grocery anchor like Kroger — were tumbling more than their peers in the real estate sector on Friday's announcement.
It can't have anything to do with this, we know that much:
"When everyone started buying cauliflower on the internet, the economy imploded..."