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 25, 2015
Damocles Sword Is Gaining Momentum
Chinese small caps, U.S. small caps and Japanese Yen all peaked at the exact same time. Chinese small caps fell vertically first. U.S. next. Now Japan.
Chinese small caps (red), U.S. small caps (purple), Yen inverted (green):
Yen/Nikkei making up for lost time: (Grey line is S&P):