We caught up with Danielle Park of Juggling Dynamite. Economic numbers, corporate profits and government statistics are no longer worth the paper they aren’t printed on. There’s no real investment taking place. Rather it’s all financial alchemy and chicanery. None of the numbers match reality. Employment in the US is supposedly stable, yet the workforce participation rate is headed down. Company revenue goes down, but due to share buybacks, earnings per share goes up. Lay-off a few thousand workers and profits take off to the moon. Why worry about working and building wealth when you can go flip a house. We’re living in the Flip-This economy.
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