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Hedge Funds attacked 1,000 Companies and Destroyed 1,200,000 Jobs

Tony Wikrent's picture

Some breakthrough work on the impact hedge funds have had on the real economy was posted this evening on DailyKos by vets74: 1,000 Companies Attacked -> 1,200,000 Jobs Destroyed

These attacks combine corrupt MSM lie campaigns with market dumps of "naked shorts" and counterfeit "phantom stock."

. . . . Statistical sampling and employment data for the largest 1,000 attacked companies show they suffered 1,200,000 extra/excess layoffs.

Throw on a macroeconomic multiplier effect...  this gets past 3,000,000 jobs dropped overall.

All the technical details of the data sorts and data bases used are in the article. Brilliant stuff!

 

 

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