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, May 5, 2015
We've Seen This Movie Before. We Know How It Ends.
Rotating from the Russell (Small Cap) to the large cap Dow while Treasuries sell off. Won't work.
Russell / Dow Ratio
The late stage manic ramp in the R2k was a bulltrap: