Following last night's Greek parliamentary cram-down of the EU Austerity "deal", capital markets are partying today. Yen/Euro carry are RISK ON, as are global equity markets.
All in the psycho belief that lenders will be bailed out indefinitely by further burying the collapsing middle class.
It's like the Fourth of July In Athens
Partying Greece style:
Manic to panic reversal could not come as more of a surprise or be more devastating to the psychopaths.
Begging to get CYNK'd
Globalization's special "gift": downside correlation 100%.
Totally unstoppable.
Shanghai Comp, Euro Stoxx, Russell small cap, Hong Kong, Japan, Canada
Today's ultra-wealthy central-bank fabricated billunaires have zero sense of noblesse oblige. Quite the opposite, it's an exploitation-based, zero sum, culture of liquidators long overdue to be flushed down the toilet of history. Buried under a fucking mile of rubble.
History will not be kind.
