Are the internet stocks in a bubble? Since January 2009 Netflix is up 8,180%. Tencent is up 3,963%. Amazon is up 3,069%. Apple is up 1,629%. Alphabet is up 600%. While US nominal GDP is only up 33%.

It’s the stock buybacks. Companies are expected to buy back 10% of their market cap this year. They are borrowing money to do it. Likely be a huge credit crisis and crash in the future from it, but enjoy the …

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THE THIRD TIME SINCE…

https://twitter.com/OccupyWisdom/status/1003425749808963585 "'We're very focused on Main Street', not Wall Street" Bernanke, 2013 Well… Not Really… pic.twitter.com/YxvYG16AqF — Daniel Lacalle (@dlacalle_IA) June 4, 2018 pic.twitter.com/F7CobpoxK2 — Alastair (@StockBoardAsset) June 3, 2018 h/t @OccupyWisdom

“The world is a business, Mr. Beale. It has been since man crawled out of the slime. One vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock. All necessities provided, all anxieties tranquilized, all boredom amused.”

Transcript of Paddy Chayefsky’s speech: “You are an old man who thinks in terms of nations and peoples. There are no nations. There are no peoples. There are no Russians. There are no Arabs. There are no third worlds. There …

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