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.
Friday, March 6, 2015
Rising Interest Rates and Deflation. Recipe for Disaster.
Higher interest rates (lower bond prices) are dragging Utility sector stocks lower
TLT and Utilities:
This will continue until shit breaks and the Etraders are trapped inside the casino.
