Earnings Before Interest and Taxes over Interest Expense. In other words, "all the money you're bringing in" divided by "what you're paying on the bonds you sold to stay afloat."

With 80% of the NASDAQ composite earning less of a paycheck than they're paying out in credit card bills.

You tell me. Does the market have further to fall? 'cuz if you issue some bonds now? no one will buy them. You gonna do some share repurchases? With what money?

Graeber talks about these short-lived Roman gardens where housewives would basically plant a bunch of seeds out-of-season and make like a single plot of ridiculously overgrown seedlings to compete with one another. It wasn't agriculture per se, it was a festival thing where you weren't making anything to eat, you were making things to impress other housewives. Plant the seeds, water and fertilize the shit out of them, drag them down to the 4H club, win some beads, watch your shit wither and die, don't care less 'cuz that stuff was like two weeks old and it was never gonna be worth planting because it's out of season and will totally die.

The French economy is in recession and inflation has not peaked

'Member this guy?

Now imagine that wasn't about a hurricane, but about the economy, and it wasn't an orange-haired Nazi moron, it was actual experts, and they produced this:

gonna bug me all day trying to remember what those damn gardens are called. Maybe it was "growth stocks."