CG, thanks for proving that much of the so-called tech boom in EY depends more on chu”l than the other way around. Many of the wannabes in EY often announce new discoveries to boost otherwise worthless stocks.
I got an alert for a new discovery for treatment of yenne machle from a public company in EY. It took me 2 seconds to realize it was a scam at worst and a very premature announcement at best. I posted on the comments section for the linked article that no one should get their hopes up because the announcement is a stock play, and I quoted the part of the report that made it clear what was going on.
Miraculously, the whole comments page for the article disappeared the next day. I was not surprised; today’s EY financial fraudsters are just as creative and intelligent as their grandfathers who sold a kilo of chicken for less than the next guy in the shuk because they cut the weight of their kilos to 650 grams!
I do NOT want to be in EY when the next bust comes. Then again, no one will riot as they did in Greece – secular and national religious alike will just head for the exits, as the most talented and ambitious in EY always do even in boom times. At that point, all that will keep EY afloat, besides US aid, is the influx of frum money from abroad, including tourists visiting the mekoimos hakedoishim and buying apartments for retirement, or vacation use, or for children who learn there.