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, August 18, 2015

Chinese Stocks Monkey Hammered. Again.

The Shanghai Composite dropped -6.1% overnight, with half of the market halted limit down. Another confidence-boosting event.

To the surprise of Commie Capitalists everywhere, if you tell people they can't sell, then they don't buy. And the only thing worse than too many sellers, is no buyers. A fact that the no-bid Dow is in line to realize...

U.S. listed Chinese small caps as of yesterday's U.S. close (w/S&P black):

Chinese small caps peaked exactly when U.S. small caps (black) peaked i.e. back in June...

Chinese ETF as of yesterday's U.S. close:

Central planning for billunaires is ending. Badly.