Can you say: "Insanity?"
It has been abundantly clear that Wall Street is operating in it's own little delusional world for sometime now...
When you run the world "as if" only the rich and the speculative classes matter...eventually unpleasantness ensues...
Wall Street has been seriously delusional for many years...
And the US media has been the enabler of these delusions by distracting and confusing the ignorant American public about the real consequences of current policies...
For example this bizarre notion that the "average" person can retire off of his or her "stock market winnings" in a 401k?
It's nonsense...and future history books will call it just that!
It has been nonsense from the beginnings of large scale public speculation in the 1720's...that ended with the collapse of the South Seas and Mississippi Bubbles.
History will declare that Americans were suffering from some kind of "mass hyteria" in the last quarter of the 20th Century...which ended badly in the early years of the 21st Century...
