Yesterday was Meatless Monday, but not the real kind they had during the dark days of World War I, when some foolish war mobilization bureaucrats in Washington caused a drastic shortage of beef, pork and chicken throughout the nation.
What happened yesterday was similar only in respect to the fact that it had “Made in Washington” written all over it.
That is, the absurd valuation of Beyond Meat Inc (BYND)—both pre and post earnings—could never have happened on an honest free market; it’s a screaming poster boy for central bank Bubble Finance, which has turned the stock market into a raging gambler’s den.
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