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, June 8, 2015
Slowly At First, Then "Aw Fuck, Not This Again !!!"
The average stock is at an 8 month low (and 16 months off the prior low, when the market was 15% lower)...
The market is now held up by Netflix
German stocks and German bund yields. Wanting to converge
Skynet will not be the bagholder of last resort. That task falls to Etraders, unhedge funds, and 401k zombies