Ponzi World (Over 3 Billion NOT Served)

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.

Tuesday, February 24, 2015

Fools and Their Money. Are Soon Parted

Quick: Which sector peaked first leading up to 2008? Housing. Which sector is playing catch-up now? Housing

Sad. But true.

What does lumber know that housing Etraders don't know?

What do housing starts know that housing stocks don't know"

i.e. that housing starts are at 1960s recession levels and the U.S. population has since grown by 100 million...

Clearly, this is more archaeology than blogging.