The Catalyst for the Crash?
View this post on Hive: The Catalyst for the Crash?
5 years ago in #finance by indigoocean (67)
$4.68
- Past Payouts $4.68, 0.00 TRX
- - Author $3.54, 0.00 TRX
- - Curators $1.14, 0.00 TRX
@indigoocean, great 15 minute video. Harry Markopolos, had all the answers and answered every question with complete certainty. This whole thing will be very interesting as it all plays out. GE's long care insurance sector is a total mess. For every one dollar they collect, they are paying out over $5.00 in benefits. How long can that go on. Cooked books for sure.
Exactly. The msm is falling over themselves to explain it away, but there’s no explaining away math.
Good to hear from you. Hope all is well, and your enjoying your new location. It must be nice having family around again.
Fingers crossed. Im hoping my BTC helps us get through a tight spot next year.
Posted using Partiko Android
We’re well positioned having some crypto for sure. But once things start unwinding it takes time to make its way into daily life. I think we’ll be okay. I worry more about people retiring in the next 2 years who are reliant purely on 401k savings and social security.
Posted using Partiko iOS
I have always had doubts about GE as they have always seemed highly inefficient as a conglomerate and despite their balance sheet issues, they survive the housing crisis years ago. While I don’t think there is out right fraud, I sure bet that there are some questionable accounting practices there!
Posted using Partiko iOS
Yeah, also seems that there are a bunch of shareholder lawsuits making similar allegations about cooked books.
Posted using Partiko iOS
Nobody knows the future but the future is worth taking risk of
Nobody knows the
Future but the future is
Worth taking risk of
- doyi
I'm a bot. I detect haiku.
Who knows the future nobody
Who can predict the future nobody
Who can take the risk of the future everybody. Future is risk
Hi @indigoocean!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.726 which ranks you at #1593 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 115 contributions, your post is ranked at #40.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
Hi @indigoocean
Personally I would expect that next big crash will start in China. Their economy is currently a joke.