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Off The Cuff: Every Rat For Himself

Our leaders are plundering the system as they ruin it
Thursday, October 19, 2017, 7:04 PM
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In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

  • The Pension Crisis Starts Bubbling Over
    • Illinois is serving as a preview of what's to come
  • The Price-To-Fraud Ratio
    • Stocks are being priced on phony earnings
  • Netflix: A Case Study Of A Classic Scam
    • Losing $billions each year in cash flow, but reporting a profit
  • A Coming Price Deflation?
    • It's going to happen, Mish predicts

In a discussion sure to get your blood boiling in anger, Chris and Mish look at the actions of those in power as the repercussions of their poor decision-making begin to become apparent. Do they take ownership of the problem? Do they prioritize developing solutions? No: they duck out the back door, while voting themselves fat severance plans. 

Here's Mish's accounting of what's going on right now in his home state of Illinois...

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