Today’s Wall St and City of London exist to profit by “ripping your head off” – by doing deals where everyone else is worse off. That is, the hidden costs of capital have exploded.

Such an economy is a shell game; a masquerade – because the supply of value creation implodes in line with the cost of capital.

There’s not enough dumb money in the world to keep this broken machine running indefinitely.

umair haque’s wort zum sonntag