They skyrocket to incredible heights and do stupidly uneconomical things simply because they can, and then they go bankrupt when all the bad debt finally over takes them. They do it with a tear in their eye but with a smirk on their lips. And whatever complicit pension funds bought their debt simply lose the money of pensioners.
What a liberal consumption before production fucking scam debt based consumption is.
Dubai Burj Khalifa goes into liquidation.
Friday, October 2, 2020
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