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.

Monday, May 11, 2015

Shit Wants To Break

The parlour game now is guessing which room full of TNT will ignite the entire house: oil, junk bonds, ponzi bonds, stocks, currencies - or just all at the same time which is most likely...

The definition of an uptrend is higher lows. The definition of a downtrend is lower highs

Here we see the S&P 500 trending higher while the % of stocks above the 50 day moving average is trending lower:

NYSE 52 week new highs:

Another divergence in trends:

Treasuries keep falling in price (rising in yield):
Four years worth of yield (interest) has evaporated in 3 months: