“In the modern era, the validity of an enterprise is not so important as whether it conforms to an elite dominant social theme. This is the age of promotion and Facebook and now Twitter show us clearly how Wall Street is being used to change business expectations. Wall Street is embarking on a party! We’ve written about it numerous times. Afloat on a sea of money-from-nothing, Western – and Asian – stock markets could go higher still. In the process, bankers and brokers shall monetize companies that conform to elite memes but have little else to recommend them. Of course, fortunes may be made nonetheless, and savvy readers of The Daily Bell may also partake.”
http://www.thedailybell.com/news-analysis/34731/The-Madness-of-Twitter/
Related posts:
Al-Qaeda now a US ally in Syria
Daylight robbery in Cyprus will come to haunt EMU
Bovard: A politically weaponized FBI is nothing new, but plenty dangerous
More on Default
Ron Paul: Iraq, The 'Liberation' Neocons Would Rather Forget
Bill Bonner: $10,000 each in two suitcases
The British Empire in Yemen
Do Humanitarian Concerns Give the U.S. A Right to Bomb Syria?
Can the Internet Tax Be Stopped Just Like the Attack On Syria?
Marc Faber: "Western Imperial Arrogance Will Ignite Middle-East 'Powder-Keg'"
Jacob Hornberger: The Big Obstacle to Peace in Korea
Mocking Obama, Romney, and the Rest of the Political Clowns
A Rare Anomaly in the Gold Market
Jacob Hornberger: A Glimmer of Light from Switzerland
Oil wars exploding; Gold surging