Never underestimate American industry’s tendency to commit suicide. Recently, we’ve seen it in the car business, the banking business and the housing business. Now we’re going to see it in Hollywood. As someone who studies the foibles and psychology of bankers and businessmen in America (as they kill the American economy and ecology in the name of entrepreneurialism) I anticipate watching and reporting as media-derivatives increase to 10 to 20 times the size of the underlying business they are supposedly ‘hedging’ and then explode in a fiery death spiral of fat profits for insiders alongside losses and recriminations for the Ponzi scheme suckers who will lose big time.
Prediction: The next Heath Ledger type incident will be tied to a hedge fund manager rumored to have cashed in on Trend Exchange.
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