Facebook’s Fateful Gamble – 09.12.2016

Facebook’s recent purchase of Whatsapp almost certainly represents the change in Facebook’s fortunes. A lengthy explanation of why this is follows, reflecting the buyout frenzy of crazed investors that is almost certainly coming to an end. Identifying the beginning of the economic collapse. Business bankruptcies are soaring. The dog that became mayor. The manufacturing versus the service industry and why services do not create wealth. American eating habits have changed profoundly with Americans now spending more on eating out than on groceries. Sharp slowdown in all forms of transportation demand, a powerful indicator of recession.