Stocks and Treasury Bond (Yields) At Historic Divergence
ZH: Jan. 10, 2015
"RISK ON MAXIMUM"ZH: Jan. 10, 2015
Wall Street IS Record Short Treasury Bonds and record long the dollar, which means all of the money is in stocks and other risk assets.
The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.