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.

Friday, August 28, 2015

Now For The Feature Presentation

After 6 years of moral hazard, gamblers were extremely badly positioned for the first leg down. But instead of adding protection, they bought more stock. Meanwhile, those few who were hedged, monetized their hedges out of fear of another V-shaped recovery, leading to the biggest short covering rally in 7 years. If they were badly positioned for Monday, they are far more exposed now...

"It was a bad time to be short volatility"