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, March 31, 2015

End of Quarter: Hotel Californication Update

What could go wrong?

The three biggest sources of liquidity: The Fed, Corporate Buybacks, and Equity Fund flows ($-44bn) are now neutral or negative for the first time in 3 years. No surprise, Skynet broke today on moderate volume.

CNBC: March 31, 2015: First Quarter Earnings Growth Will be FUGLY

"The precipitous fall in earnings expectations for the first quarter has been 'stunning', and the post-March picture is not looking good. Right now we're looking at down almost 3 percent [year over year]"

12 week money flow